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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***
  1. Each GMNL model is the same as in Table 4, except for the addition of the single interaction term and reduced sample size
  2. *p < 0.1
  3. **p < 0.05
  4. ***p < 0.01