Public, Private or Both? Analysing Factors Influencing the Labour Supply of Medical Specialists
AbstractThis paper investigates the factors influencing the allocation of time between public and private sectors by medical specialists. A discrete choice structural labour supply model is estimated, where specialists choose from a set of job packages that are characterised by the number of working hours in the public and private sectors. The results show that medical specialists respond to changes in earnings by reallocating working hours to the sector with relatively higher earnings, while leaving total working hours unchanged. The magnitudes of the own-sector and cross-sector earnings elasticities fall in the range of 0.21-0.54, and are larger for male than for female specialists. The labour supply response varies by doctors' age and medical specialty. Family circumstances such as the presence of young dependent children influence the hours worked by female specialists but not male specialists. We illustrate the relevance of our findings by simulating the impact of recent trends in earnings growth in the public and private sectors.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7766.
Length: 29 pages
Date of creation: Nov 2013
Date of revision:
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Other versions of this item:
- Terence Chai Cheng & Guyonne Kalb & Anthony Scott, 2013. "Public, Private or Both? Analysing Factors Influencing the Labour Supply of Medical Specialists," Melbourne Institute Working Paper Series wp2013n40, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- I10 - Health, Education, and Welfare - - Health - - - General
- I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-12-06 (All new papers)
- NEP-HEA-2013-12-06 (Health Economics)
- NEP-LAB-2013-12-06 (Labour Economics)
- NEP-LMA-2013-12-06 (Labor Markets - Supply, Demand, & Wages)
- NEP-MAC-2013-12-06 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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