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KMID : 0926620000050020040
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Korean Journal of Hospital Management
2000 Volume.5 No. 2 p.40 ~ p.58
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Monopsony Power of General Hospitals in Nurse Labor Market
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Abstract
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Nurses are medical personnel, who play a key role in supporting patient care, so it is important to supply them adequately- in balance with ever increasing medical demand. i
But there appears severe shortage of nurses in some hospitals because of their uneven distribution, especially in small sized-hospitals and rural-hospitals.
As nationwide distorted distribution of nurses in Korea is just like what monopsony model. (a kind of market structure model) tells us, it is attempted to explain this situation of nurse labor market in Korea on the basis of monopsony model and presented in this paper. Specifically, determinants of nurse wage and the level of their relative en ployment were examined, and monopsony impact on their wage and the level of relative: employment controlling those determinants were studied.
.t. Major results of this study are as follows.
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KEYWORD
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