Empirical Determinants of Physician Incomes--Evidence from Canadian Data
This paper makes use of the fact that the stock of medical manpower in Canada is institutionally and exogenously determined in order to develop a model predicting physician average net income. An econometric evaluation of this model on a sample involving Canada's ten provinces during 1968-1982 suggests that a one per cent increase in physician fees increases physician average net income by 0.70 percent, and a one percent increase in the physician to population ratio reduces average net income by 0.62 percent. In both cases, the elasticities are less than unity because the supply function for an individual physician is backward bending--on average, a Canadian physician reduces his hours worked by an amount between 0.17 and 0.50 percent (95 percent confidence interval) if his real wage rate is increased by one percent.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 14 (1989)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/econometrics/journal/181/PS2|