Public, Private or Both? Analysing Factors Influencing the Labour Supply of Medical Specialists

Terence Cheng (), Guyonne Kalb and Anthony Scott ()

No 7766, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper investigates the factors influencing the allocation of time between public and private sectors by medical specialists. A discrete choice structural labour supply model is estimated, where specialists choose from a set of job packages that are characterised by the number of working hours in the public and private sectors. The results show that medical specialists respond to changes in earnings by reallocating working hours to the sector with relatively higher earnings, while leaving total working hours unchanged. The magnitudes of the own-sector and cross-sector earnings elasticities fall in the range of 0.21-0.54, and are larger for male than for female specialists. The labour supply response varies by doctors' age and medical specialty. Family circumstances such as the presence of young dependent children influence the hours worked by female specialists but not male specialists. We illustrate the relevance of our findings by simulating the impact of recent trends in earnings growth in the public and private sectors.

Keywords: medical specialists; elasticities; labour supply; public-private mix (search for similar items in EconPapers)
JEL-codes: I10 I11 J22 J24 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2013-11
New Economics Papers: this item is included in nep-hea, nep-lab, nep-lma and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published - published in: Canadian Journal of Economics, 2018, 51 (2), 659-691.

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Related works:
Journal Article: Public, private or both? Analyzing factors influencing the labour supply of medical specialists (2018)
Journal Article: Public, private or both? Analyzing factors influencing the labour supply of medical specialists (2018)
Working Paper: Public, Private or Both? Analysing Factors Influencing the Labour Supply of Medical Specialists (2013)
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