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EXHIBIT 3 Projected Change In Shortage/Surplus Of Registered Nurses (RNs) When Wages Respond To Magnitude Of Shortage/Surplus, 2002–2020
SOURCE: Authors’ projections based on regression equations based on data from the Current Population Survey (U.S. Bureau of the Census), National League for Nursing, Bureau of Labor Statistics, and Bureau of Health Professions.
NOTE: The projections are based on a regression equation with change in nursing graduations as the dependent variable and change in wages lagged four years as the independent variable. An intercept is included in the equation.