Table 6 Preferences for time spent in private practice and risk aversion
From: Preferences of physicians for public and private sector work
GMNL—base model (n = 41 889) | Big5 risk aversion (n = 41 889) | Overall risk aversion (n = 41 889) | ||||
Mean | sd | Mean | sd | Mean | sd | |
% time in private practice | − 0.0092*** | − 0.0157*** | − 0.0080*** | 0.0159*** | − 0.0067*** | 0.0159*** |
x Big 5 risk aversion | 0.0060 | 0.0016 | ||||
x Overall risk aversion | − 0.0018 | − 0.0067*** | ||||
Career risks (n = 41 889) | Clinical risks (n = 41 889) | Financial risks (n = 41 889) | ||||
Mean | sd | Mean | sd | Mean | sd | |
% time in private practice | − 0.0040*** | 0.0159*** | − 0.0056*** | 0.0189*** | − 0.0087*** | − 0.0013 |
x Career risk | − 0.0046*** | 0.0186*** | ||||
x Clinical risk | − 0.0053** | 0.0047*** | ||||
x Financial risk | 0.0004 | 0.0118*** | ||||