Physician Specialty Choice under Uncertainty
AbstractMedical students must receive residency training in a specialty before they can practice medicine in the United States. Since the residents' salaries do not adjust across specialties, residency positions are rationed, and medical students face uncertainty when choosing a specialty. Using a data set with the preferred and realized specialties for 7,200 medical students, I estimate a model where students consider entry probabilities when selecting a specialty. I find that medical students are responsive to expected income differences between specialties, which implies that policies that increase the income of primary care physicians can address shortages in these specialties.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Chicago Press in its journal Journal of Labor Economics.
Volume (Year): 20 (2002)
Issue (Month): 4 (October)
Contact details of provider:
Web page: http://www.journals.uchicago.edu/JOLE/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Fernandez, Jose, 2006. "Evaluating the Effect of a Policy Change to Hospital Productivity: 80 Hours Work Restriction on Medical Residents," MPRA Paper 8620, University Library of Munich, Germany.
- Sean Nicholson & Nicholas S. Souleles, 2001. "Physician Income Expectations and Specialty Choice," NBER Working Papers 8536, National Bureau of Economic Research, Inc.
- Pascal Courty & Gerald R. Marschke, 2008.
"On the Sorting of Physicians across Medical Occupations,"
NBER Working Papers
14502, National Bureau of Economic Research, Inc.
- Courty, Pascal & Marschke, Gerald, 2008. "On the Sorting of Physicians across Medical Occupations," IZA Discussion Papers 3862, Institute for the Study of Labor (IZA).
- Sivey, Peter & Scott, Anthony & Witt, Julia & Joyce, Catherine & Humphreys, John, 2012. "Junior doctors’ preferences for specialty choice," Journal of Health Economics, Elsevier, vol. 31(6), pages 813-823.
- Schweri, Jürg & Hartog, Joop & Wolter, Stefan C., 2009.
"Do Students Expect Compensation for Wage Risk?,"
IZA Discussion Papers
4069, Institute for the Study of Labor (IZA).
- Peter Arcidiacono & Sean Nicholson, 2000. "Peer Effects, Learning, and Physician Specialty Choice," Econometric Society World Congress 2000 Contributed Papers 1553, Econometric Society.
- Sean Nicholson, 2005.
"How Much Do Medical Students Know About Physician Income?,"
Journal of Human Resources,
University of Wisconsin Press, vol. 40(1).
- Sean Nicholson, 2004. "How Much Do Medical Students Know About Physician Income?," NBER Working Papers 10542, National Bureau of Economic Research, Inc.
- Arcidiacono, Peter & Nicholson, Sean, 2005.
"Peer effects in medical school,"
Journal of Public Economics,
Elsevier, vol. 89(2-3), pages 327-350, February.
- Robert Gagné & Pierre Thomas Léger, 2005.
"Determinants of physicians' decisions to specialize,"
John Wiley & Sons, Ltd., vol. 14(7), pages 721-735.
- Robert Gagné & Pierre Thomas Léger, 2003. "Determinants of Physicians’ Decisions to Specialize," Cahiers de recherche 03-01, HEC Montréal, Institut d'économie appliquée.
- Robert Gagné & Pierre Thomas Léger, 2003. "Determinants of Physicians' Decisions to Specialize," CIRANO Working Papers 2003s-07, CIRANO.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division).
If references are entirely missing, you can add them using this form.