TY - JOUR
T1 - Damage caps and the labor supply of physicians
T2 - Evidence from the third reform wave
AU - Paik, Myungho
AU - Black, Bernard
AU - Hyman, David A.
N1 - Publisher Copyright:
© The Author 2016.
Copyright:
Copyright 2021 Elsevier B.V., All rights reserved.
PY - 2016/10
Y1 - 2016/10
N2 - Nine states adopted caps on non-economic damages during the third medical malpractice reform wave from 2002-05, joining twenty-two other states with caps on non-economic or total damages. We study the effects of these reforms on physician supply. Across a variety of difference-in-differences (DiD), triple differences, and synthetic control methods, in both state- and county-level regressions, we find, with tight confidence intervals, no evidence that cap adoption leads to an increase in total patient care physicians, or in specialties that face high liability risk (with a possible exception for plastic surgeons), or in rural physicians.
AB - Nine states adopted caps on non-economic damages during the third medical malpractice reform wave from 2002-05, joining twenty-two other states with caps on non-economic or total damages. We study the effects of these reforms on physician supply. Across a variety of difference-in-differences (DiD), triple differences, and synthetic control methods, in both state- and county-level regressions, we find, with tight confidence intervals, no evidence that cap adoption leads to an increase in total patient care physicians, or in specialties that face high liability risk (with a possible exception for plastic surgeons), or in rural physicians.
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U2 - 10.1093/aler/ahw009
DO - 10.1093/aler/ahw009
M3 - Article
AN - SCOPUS:84995877415
SN - 1465-7252
VL - 18
SP - 463
EP - 505
JO - American Law and Economics Review
JF - American Law and Economics Review
IS - 2
ER -