The cost of doctors

25 06 2009

Greg Mankiw posted an article and discussion on his blog citing a study that compares the salaries of US physicians and physicians in OECD countries.  US physicians clearly earn more on average than physicians in OECD countries.  However, the entry does not address (and I haven’t read the source, so I don’t know if it gives more detail) the question of the distribution of doctors among specialty fields.  That is, do US GPs earn more that OECD GPs, and are there more specialists in practice in the US than OECD countries?  I can see several ways in which answers to those questions could change the analysis of the salaries and influence the debate on health care costs.

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