This article explores the relationships between the growth in the medical workforce in an aging society and employment in other sectors of the economy, based on data from the USA since 1985. Employment in medical services grew, but did not displace employment in other sectors uniformly. Instead,...

Is healthcare employment recession proof? We examine the hypothesis that healthcare employment is stable across the business cycle. We explicitly distinguish between negative aggregate demand and supply shocks in studying how healthcare employment responds to recessions, and show that this...