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Type: Working paper
Title: Public, private or both? Analysing factors influencing the labour supply of medical specialists
Author: Cheng, T.
Kalb, G.
Scott, A.
Publisher: Melbourne Institute of Applied Economic and Social Research, University of Melbourne
Issue Date: 2013
Series/Report no.: Melbourne Institute Working Paper; 40/13
ISBN: 9780734043344
Statement of
Terence Chai Cheng, Guyonne Kalb and Anthony Scott
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: labour supply; elasticities; medical specialists; public-private mix
Description: ISSN 1328-4991 (Print) ; ISSN 1447-5863 (Online).
Rights: Copyright © The University of Melbourne 2013
RMID: 0030045650
DOI: 10.2139/ssrn.2364168
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Appears in Collections:Economics Working papers

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