Employment-seeking experiences of resident physicians completing training during 1996.

Abstract

THERE IS a consensus within the medical profession that the country is on the verge of a serious oversupply of physicians. This consensus has been forged largely by the results of analytic studies strongly suggesting that by the end of the century the size of the physician workforce will exceed requirements.^1-7 However, without persuasive evidence that market forces are producing physician underemployment and/or unemployment, health economists challenge the validity of the conclusions reached from the analytic studies.⁸