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A panel data study of physicians' labor supply: the case of Norway
Author(s) -
Baltagi Badi H.,
Bratberg Espen,
Holmås Tor Helge
Publication year - 2005
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.991
Subject(s) - wage , panel data , estimation , sample (material) , public sector , economics , labour economics , demographic economics , quality (philosophy) , econometrics , business , operations management , philosophy , chemistry , economy , management , epistemology , chromatography
Physicians are key personnel in a sector which is important due to its size as well as the quality of service it provides. We estimate the labor supply of physicians employed at hospitals in Norway, using personnel register data merged with other public records. A dynamic labor supply equation is estimated using a sample of 1303 male physicians observed over the period 1993–1997. The methods of estimation are GMM and system GMM. We reject the static model in favor of a dynamic model and obtain short run wage elasticities around 0.3. This is higher than previously estimated for physicians, in particular for those who are not self‐employed. Copyright © 2005 John Wiley & Sons, Ltd.