Physicians' Choices of Specialty, Location, and Mode: A Reexamination within an Interdependent Decision Framework
Journal of Human Resources, 1991, vol. 26, issue 1, 47-71
In this paper, physicians' decisions regarding the specialty, community size, and mode of their first practices are analyzed in a simultaneous decision model using a nested logit specification. Physicians face a choice set consisting of eight specialties, seven community sizes, and three practice settings. Data come from the Longitudinal Survey of the Class of 1960. Income is found to be statistically significant and the average income elasticity is 1.05, which is considerably larger than previous estimates. However, the elasticity estimate is very sensitive to the assumed decision process. A series of policy simulations are then performed to estimate the effect of specified income-based policies on the predicted distribution of physicians across specialties, community sizes, and modes.
References: Add references at CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
A subscripton is required to access pdf files. Pay per article is available.
Working Paper: Physicians' Choices of Specialty, Location and Mode: A Re-examination Within an Interdependent Decision Framework (1991)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:26:y:1991:i:1:p:47-71
Access Statistics for this article
More articles in Journal of Human Resources from University of Wisconsin Press
Bibliographic data for series maintained by ().