From: Preferences of physicians for public and private sector work
Mean (se) | SD | Marginal WTPd (% annual income) | Marginal WTP (AUD$ annual income) | |
---|---|---|---|---|
Change in earnings | 0.096*** (0.004) | - | ||
Change in hours worked | − 0.106*** (0.005) | 0.057*** (0.006) | − 1.10 | − $3591 |
On calla: 1 in 4, frequently called out | − 0.196*** (0.049) | 0.661*** (0.062) | 22.24 | $72 461 |
On calla: 1 in 4, infrequently called out | 1.118*** (0.069) | 0.747*** (0.071) | 35.87 | $116 885 |
On calla: 1 in 10, frequently called out | 1.416*** (0.062) | 0.797*** (0.099) | 38.97 | $126 976 |
Percentage of time in private practice | − 0.006*** (0.001) | 0.021*** (0.001) | − 0.06 | − $187 |
Teaching/research opportunitiesb: some | 0.429*** (0.046) | 0.811*** (0.060) | 8.90 | $28 988 |
Time spent in administration | − 0.065*** (0.007) | 0.098*** (0.008) | − 0.67 | − $2191 |
Locationc: Metro-based | 0.413*** (0.040) | 0.425*** (0.037) | 12.83 | $41 808 |
Locationc: Metro-based + option to visit | 0.409*** (0.048) | 1.042*** (0.070) | 12.79 | $41 662 |
Constant (job A) | − 4.262*** (0.097) | 2.155*** (0.099) | ||
Constant (job B) | − 4.190*** (0.089) | 1.886*** (0.110) | ||
Tau | 1.038*** (0.050) | |||
Gamma | − 0.585*** (0.107) | |||
Log-Likelihood | − 12 833 | |||
Number of observations | 90 891 | |||
Chi-sq. (df) | 3030 (12)*** | |||
AIC | 25 716 | |||
BIC | 25 951 |