Returns to medical training Unlike most occupations, (a)US physician returns to medical CUS training are very back- loaded Medical school residency -surfer expensive in direct costs and opportunity costs 口So those who choose $0 Time being physician are patient enough to value future returns aus Bhattacharya,Hyde and Tu-HealthEconomics Bhattacharya, Hyde and Tu – Health Economics Returns to medical training  Unlike most occupations, returns to medical training are very back￾loaded  Medical school & residency expensive in direct costs and opportunity costs  So those who choose being physician are patient enough to value future returns