Using panel data from a large hospital system, this paper presents
estimates of the productivity effects of human capital in a team production environment. Proxying nurses' general human capital by
education and their unit-specific human capital by experience on the
nursing unit, we find that greater amounts of both types of human
capital significantly improve patient outcomes. Disruptions to team
functioning attributable to the departure of experienced nurses, the
absorption of new hires, and the inclusion of temporary contract
nurses are associated with significant decreases in productivity
beyond those attributable to changes in nurses' skill and experience.
"Human Capital and Productivity in a Team Environment: Evidence from the Healthcare Sector."
American Economic Journal: Applied Economics,
Analysis of Health Care Markets
Time Allocation and Labor Supply
Human Capital; Skills; Occupational Choice; Labor Productivity
Personnel Management; Executives; Executive Compensation
Personnel Economics: Labor Management