Fortin-Shearer

Bernard Fortin et Bruce Shearer publieront dans Journal of Applied Econometrics

4 mars 2021

Bernard Fortin, professeur à la retraite et professeur associé au Département d'économique et Bruce Shearer, professeur titulaire au Département d'économique, publieront un article intitulé Labour Supply, Service Intensity, and Contracts: Theory and Evidence on Physicians dans le Journal of Applied Econometrics. Le papier est co-écrit avec Nicolas Jacquemet, professeur au Paris School of Economics et à l’Université de Paris 1, Panthéon-Sorbonne et ancien étudiant de doctorat au Département d’économique.

Ci-dessous un résumé du papier:

Abstract: Based on linked administrative and survey panel data, we analyze the labour supply behaviour of physicians who could adopt either a standard fee-for-service contract or a mixed remuneration (MR) contract. Under MR, physicians received a per diem and a reduced fee for services provided.  We present estimates of a structural discrete choice model that incorporates service intensity (services provided per hour) and contract choice into a labour supply framework.  We use our estimates to predict ex ante the effects of contracts on physician behaviour and welfare, as measured by average equivalent variations. The supply of services is reduced under a MR contract, suggesting incentives matter. Hours spent seeing patients is less sensitive to incentives than the supply of services. Our results suggest that a reform forcing all physicians to adopt the MR system would have substantially larger effects on physician behaviour than were measured under the observed reform. A pure salary (per diem) reform would sharply reduce services but would increase time spent seeing patients.