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A Microanalysis of Physicians’ Hours of Work Decisions

In: The Economics of Health and Medical Care

Author

Listed:
  • Frank A. Sloan

    (University of Florida)

Abstract

This study analyzes physician decisions regarding their work-week and the number of weeks worked per year, using data on 1,800 physicians from the Public Use Sample of 1960 United States Census. For several reasons, the demand that the physician faces is an endogenous variable. Therefore, wage equations in both the hourly and weekly wage are developed, in addition to two supply equations. The results indicate a positive supply response to the weekly, but a negative response to the hourly, wage. The latter result should be interpreted cautiously, since the pure income effect is very small and inconsistent with a backward-bending supply curve. In addition, income determines the impact of various demographic characteristics on physician supply. Female physicians with children work less than their colleagues do. The physician/population ratio in the area in which the physician practices affects individual physician supply negatively, especially in the week dimension.

Suggested Citation

  • Frank A. Sloan, 1974. "A Microanalysis of Physicians’ Hours of Work Decisions," International Economic Association Series, in: Mark Perlman (ed.), The Economics of Health and Medical Care, chapter 16, pages 302-325, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-63660-0_16
    DOI: 10.1007/978-1-349-63660-0_16
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