Medical student indebtedness and the propensity to enter academic medicine.
This paper considers the potential impact of medical school indebtedness and other variables on the propensity of US doctors to enter academic medicine. Probit models provide some evidence that indebtedness reduces the likelihood that physicians will choose academic medicine as their primary activity. Nevertheless, the magnitude of this effect is not large. As indebtedness may be endogenous, the probits are rerun using an instrumental variables approach. These estimates imply that over time indebtedness may have an important impact on the propensity of physicians to enter academic medicine.
Fox
Marc
M
Department of Economics, Brooklyn College of the City University of New York 11210-2889, USA. mfox@brooklyn.cuny.edu
D000046:Academic Medical Centers / Q000191:economics*; D002321:Career Choice; D004470:Economics, Medical; D005006:Ethnicity; D005180:Faculty, Medical; D005260:Female; D005382:Financing, Personal; D006280:Health Workforce; D006801:Humans; D007182:Income; D007325:Institutional Practice / Q000191:economics*; D016013:Likelihood Functions; D008297:Male; D017059:Models, Econometric; D011320:Primary Health Care / Q000191:economics; D011331:Private Practice / Q000191:economics*; D012456:Salaries and Fringe Benefits; D013038:Specialization; D014146:Training Support; D014481:United States