Household Income and the New Generalist Physician

This study examines the relationship between income variables and physician specialty choice. On average, physicians in family practice earn less than physicians in other specialties. However, earlier studies fail to agree on the effect that income variables have on the physician's status as one of these “generalists.” This study finds that the two have a strong relationship. Nevertheless, the important factor is household income rather than the physician's own-earnings differential. This result is due to an extensive data set that includes the parents' income level and the current earnings of the spouse. Additionally, the data allow a preliminary examination of family practitioners that say that they would repeat their career. Finally, the data provide a control for the physician's attachment to the current practice arrangement. Keywords: professional labor marketswage differentialshealth care marketsphysicianshousehold incomegovernment policy

Actuarial science · Business · Demographic economics · Differential (mechanical device) · Earnings · Economic growth · Economics · Family income · Family medicine · Labour economics · Payment · Political science · Specialty · Spouse · Accounting · Finance · Gender, Labor, and Family Dynamics · Healthcare Policy and Management · Law · Medicine · Psychology · Retirement, Disability, and Employment

• Unionism and Wage Rates

  Lung-fei Lee•International Economic Review•1978

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• Lifetime Earnings and Physicians' Choice of Specialty

  Frank A Sloan•Industrial and Labor Relations…•1970

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• Do Workers Accurately Perceive Gender Wage Discrimination

  Mary B Hampton, John S Heywood•Industrial and Labor Relations…•1993

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