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The Demand for Higher Education: The Case of Medical School Applicants

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  • Frank A. Sloan

Abstract

This study analyzes determinants of student demand for medical education. Two series-total applicants to medical schools and medical school applicants with superior college records-are studied. The results indicate that student career decisions are strongly related to interoccupational differences in tuition and expected incomes. Students with "A" college records are somewhat less responsive to monetary incentives. Substantial increases in medical school tuition and fees and relatively low stipend levels have decreased student interest in medicine as a career. Income differentials also have an impact. The supply of medical education, measured by the probability of a student being accepted, has a positive effect on demand.

Suggested Citation

  • Frank A. Sloan, 1971. "The Demand for Higher Education: The Case of Medical School Applicants," Journal of Human Resources, University of Wisconsin Press, vol. 6(4), pages 466-489.
    • Handle: RePEc:uwp:jhriss:v:6:y:1971:i:4:p:466-489
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    Cited by:

    1. Ze Chen & Yuan Wang & Yanjun Guan & Michael Jie Guo & Rong Xu, 2023. "Long‐term effect of childhood pandemic experience on medical major choice: Evidence from the 2003 severe acute respiratory syndrome outbreak in China," Health Economics, John Wiley & Sons, Ltd., vol. 32(5), pages 1120-1147, May.
    2. Quinn, Robert & Price, Jamie, 1998. "The demand for medical education: an augmented human capital approach," Economics of Education Review, Elsevier, vol. 17(3), pages 337-347, June.
    3. Mototsugu Fukushige & Hideo Yunoue, 2006. "Valuing Medical Schools in Japan: National versus Private Universities," Discussion Papers in Economics and Business 06-02, Osaka University, Graduate School of Economics.
    4. Maurus Rischatsch & Peter Zweifel, 2013. "What do physicians dislike about managed care? Evidence from a choice experiment," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 14(4), pages 601-613, August.

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