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- Title
Medical student indebtedness and the propensity to enter academic medicine.
- Authors
Fox, Marc
- Abstract
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.
- Subjects
UNITED States; STUDY &; teaching of medicine; MEDICAL schools; DEBT; MEDICAL students; PHYSICIANS
- Publication
Health Economics, 2003, Vol 12, Issue 2, p101
- ISSN
1057-9230
- Publication type
Article
- DOI
10.1002/hec.701