The Demand for Higher Education: The Case of Medical School Applicants

Frank Sloan

Journal of Human Resources, 1971, vol. 6, issue 4, 466-489

Abstract: This study analyzes determinants of student demand for medical education. Two series-total applicants to medical schools and medical school applicants with superior college records-are studied. The results indicate that student career decisions are strongly related to interoccupational differences in tuition and expected incomes. Students with "A" college records are somewhat less responsive to monetary incentives. Substantial increases in medical school tuition and fees and relatively low stipend levels have decreased student interest in medicine as a career. Income differentials also have an impact. The supply of medical education, measured by the probability of a student being accepted, has a positive effect on demand.

Date: 1971
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:6:y:1971:i:4:p:466-489

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