Aslim, Erkmen Giray; Chou, Shin-yi; De, Kuhelika - National Bureau of Economic Research - 2022
Is healthcare employment recession proof? We examine the hypothesis that healthcare employment is stable across the … employment responds to recessions, and show that this response depends largely on the type of the exogenous shock triggering the … recession. We find that healthcare employment responds procyclically to demand-induced recessions; and the reduction is driven …