A Panel Data Study of Physicians' Labor Supply: The Case of Norway

Badi Baltagi (), Espen Bratberg () and Tor Helge Holmas

No CESifo Working Paper No. 895, CESifo Working Paper Series from CESifo Group Munich

Abstract: Physicians are key personnel in a sector which is important due to its size as well as the quality of service it provides. We estimate the labor supply of physicians employed at hospitals in Norway, using personnel register data merged with other public records. A dynamic labor supply equation is estimated using a sample of 1303 physicians observed over the period 1993-97. The methods of estimation are GMM and system GMM. We reject the static model in favor of a dynamic model and obtain a long-run wage elasticity of about 0.55. This is considerably higher than previously estimated for physicians, in particular for those who are not self-employed.

Keywords: physicians; labor supply; dynamic panel data (search for similar items in EconPapers)
JEL-codes: I10 J22 J44 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu and nep-hea
Date: 2003
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Journal Article: A panel data study of physicians' labor supply: the case of Norway (2005)
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