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Medical student indebtedness and the propensity to enter academic medicine
Author(s) -
Fox Marc
Publication year - 2003
Publication title -
health economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.55
H-Index - 109
eISSN - 1099-1050
pISSN - 1057-9230
DOI - 10.1002/hec.701
Subject(s) - instrumental variable , propensity score matching , probit model , academic medicine , probit , ordered probit , actuarial science , econometrics , medicine , economics , medical education
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. Copyright © 2002 John Wiley & Sons, Ltd.