S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Health Economics Research Programme, University of Oslo HERO On line Working Paper Series

No 2009:11:
Life Cycle Wages of Doctors - An Empirical Analysis of the Earnings of Norwegian Physicians

Knut Fjeldvig ()

Abstract: We use individual panel data to estimate ageearnings profiles for Norwegian physicians. Based on data covering the 19932006 period we find that the ageearning profiles of physicians share many of the attributes of the classical Mincer function. Physician`s earnings rise, but a decreasing rate, for the first 20 years after medical training; they peak between the ages of 55 and 59; and they decline slightly toward the end of the career. We observe that there will be complications when using the regular crosssectional methods because of cohort and period effects on income. Using fixedeffects method therefore provides a more accurate picture of the profiles. When looking at profiles by gender we find that there are large differences between the earnings of male and female physicians, some of which can be attributed to reduced labor supply during childrearing years and some to lower investments in specialization among female doctors. We also discover differences in the profiles of physicians educated in Norway and abroad and discuss alternative explanations for this pattern.

Keywords: Physicians; age-earnings; income; mincer function; gender; empirical analysis; Norway; (follow links to similar papers)

JEL-Codes: J31; J44; (follow links to similar papers)

41 pages, December 14, 2009

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

2009_11.pdf    PDF-file
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Anbjørg Kolaas ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:oslohe:2009_011 This page was generated on 2014-12-14 19:26:07