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Important of labour supply6/12/2023 ![]() This is likely to have consequences for the quality of care provided to patients. ![]() This literature reveals that while labour supply is relatively unresponsive to changes in wages, medical personnel do react strongly to other incentives, even in the short run. The topics examined include: the responsiveness of labour supply to changes in wages, regulation and other incentives factors that determine the wide variation in physician practice and style and the effect of teams and management quality on patient outcomes. We present a summary of important trends in the UK medical labour market, and we review the latest research on factors that determine medical labour supply and the impact of labour on patient outcomes. Medical labour markets are important because of their size and the importance of medical labour in the production of healthcare and in subsequent patient outcomes.
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