The utility-maximizing self-employed physician.
We estimate a model of utility-maximizing physician behavior. Our model accounts for the interdependence of physician input, output, and work/leisure choices, and includes an endogenous virtual wage for physician own time in the medical practice. We find that solo practitioners respond to increase...
| Publicado en: | Journal of Human Resources Vol. 32; pp. 98 - 129 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
University of Wisconsin Press
Winter97
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=507551452&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 507551452 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0022166X JHR jtl: Journal of Human Resources issn: 0022166X maglogo: N pubinfo: dt: Winter97 vid: 32 pid: 249 pub: University of Wisconsin Press artinfo: ui: 507551452 10.2307/146242 ppf: 98 ppct: 31 formats: fmt: – @attributes: type: T – @attributes: type: P size: 7.8MB tig: atl: The utility-maximizing self-employed physician. aug: au: Thornton, James Eakin, B. Kelly su: Medical fees Freelancers Physician supply & demand Employment Physicians sug: subj: Medical fees Freelancers Physician supply & demand Employment Physicians ab: We estimate a model of utility-maximizing physician behavior. Our model accounts for the interdependence of physician input, output, and work/leisure choices, and includes an endogenous virtual wage for physician own time in the medical practice. We find that solo practitioners respond to increases in marginal hourly earnings and nonpractice income by allocating less time to medical practice activities. Our results also suggest that fee reductions induce the substitution of physician own time for auxiliaries, and the net effect of this adjustment is reduced patient loads and a decrease in supply from the existing stock of solo practitioners. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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