Residency In addition to classroom work,physicians-in- training must also gain hospital experience Residency is a period of on-the-job training following medical school New residents lack experience,and when new residents arrive at a hospital,empirical evidence that medical errors go up ▣“July effect'"in the US ▣“August killing season"'in the UK Bhattacharya,Hyde and Tu-HealthEconomicsBhattacharya, Hyde and Tu – Health Economics Residency  In addition to classroom work, physicians-in￾training must also gain hospital experience  Residency is a period of on-the-job training following medical school  New residents lack experience, and when new residents arrive at a hospital, empirical evidence that medical errors go up  “July effect” in the US  “August killing season” in the UK