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Topic: Miscellaneous
Number of pages / Number of words: 4 / 1067
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al., 1995). Demand patterns are a third influence on rising cost in nursing facilities. There is a demand for more skilled and qualified workers and better equipment and services to improve the quality of life for nursing home residents. The final factor is the prevailing wage rate that firms in many industries respond to increases in wage rates by substituting more capital for labor ( Rosko et...


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The final factor is the prevailing wage rate that firms in many industries respond to increases in wage rates by substituting more capital for labor ( Rosko et. al., 1995). An increase in the wage rates will reduce the demand for labor (Rosko et. al., 1995).

Substantial research and policy efforts have been devoted to understanding nursing home utilization patterns...


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