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The Production of and Market for New Physicians' Skill / Andrew J. Epstein, Sean Nicholson, David A. Asch.
- Format:
- Book
- Author/Creator:
- Epstein, Andrew J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w18678.
- NBER working paper series no. w18678
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2013.
- Summary:
- Our understanding of the determinants of physician skill and the extent to which skill is valued in the marketplace is superficial. Using a large, detailed panel of new obstetricians, we find that, even though physicians' maternal complication rates improve steadily with years of practice, initial skill (as measured by performance in a physician's first year of practice) explains most of the variation in physician performance over time. At the same time, we find that the trajectories of new physicians' delivery volume develop in a way partially consistent with Bayesian learning about physician quality. In particular, as physicians gain experience, their volume becomes increasingly sensitive to the information in their accumulated prior.
- Notes:
- Print version record
- January 2013.
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