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 | |||