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Does it pay to be a doctor in France?

Dormont, Brigitte; Samson, Anne-Laure (2014), Does it pay to be a doctor in France?. https://basepub.dauphine.fr/handle/123456789/12810

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Type
Document de travail / Working paper
Date
2014
Series title
Document de travail LEDa-LEGOS
Series number
WP n°1/2014
Published in
Paris
Pages
26
Metadata
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Author(s)
Dormont, Brigitte

Samson, Anne-Laure
Abstract (EN)
This paper examines whether general practitionersí(GPsí) earnings are high enough to keep this profession attractive. We set up two samples, with longitudinaldata relative to GPs and executives. Those two professions have similar abilities but GPs have chosen a longer education. To measure if they get returns that compensate for their higher investment, we study their career proÖles and construct a measure of wealth for each individual that takes into account all earnings accumulated from the age of 24 (including zero income years when they start their career after 24). The stochastic dominance analysis shows that wealth distributions do not differ significantly between male GPs and executives but that GP wealth distribution dominates executive wealth distribution at the first order for women.Hence, while there is no monetary advantage or disadvantage to be a GP for men, it is more profitable for women to be a self-employed GP than a salaried executive.
Subjects / Keywords
GPs; longitudinal data; earning profile; self-employed; executive; stochastic dominance
JEL
D31 - Personal Income, Wealth, and Their Distributions
J31 - Wage Level and Structure; Wage Differentials
I11 - Analysis of Health Care Markets
C23 - Panel Data Models; Spatio-temporal Models

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