| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8907 |
| 来源ID | Working Paper 8907 |
| Physician Income Prediction Errors: Sources and Implications for Behavior | |
| Sean Nicholson; Nicholas S. Souleles | |
| 发表日期 | 2002-04-25 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Although income expectations play a central role in many economic decisions, little is known about the sources of income prediction errors and how agents respond to income shocks. This paper uses a unique panel data set to examine the accuracy of physicians' income expectations, the sources of income prediction errors, and the effect of income prediction errors on physician behavior. The data set contains direct survey measures of income expectations for medical students who graduated between 1970 and 1998, their corresponding income realizations, and a rich summary of the shocks hitting their medical practices. We find that income prediction errors were positive on average over the sample period, but varied significantly over time and cross-sectionally. We trace these results to persistent specialty-specific shocks, such as the growth of health maintenance organizations (HMOs) and other changes across health care markets. Physicians who experienced negative income shocks were more likely to respond by increasing their hours worked, allocating fewer of their work hours to teaching/research and more to patient care, and were more likely to switch specialties. |
| 主题 | Labor Economics ; Labor Supply and Demand ; Labor Compensation |
| URL | https://www.nber.org/papers/w8907 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566515 |
| 推荐引用方式 GB/T 7714 | Sean Nicholson,Nicholas S. Souleles. Physician Income Prediction Errors: Sources and Implications for Behavior. 2002. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w8907.pdf（431KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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