Faculty Articles

Title

The Life-cycle Argument: Age as a Mediator of Pharmacists’ Earnings

ISBN or ISSN

1551-7411

Publication Title

Research in Social and Administrative Pharmacy

Volume

11

Issue

1

Publication Date / Copyright Date

2015

First Page

129

Last Page

133

Publisher

Elsevier

DOI Number

10.1016/j.sapharm.2014.05.003

Abstract

Age diversity poses challenges to pharmacy employers and managers. A life-cycle argument has been presented to explain pharmacists' age-related differences at work.Explore responses of pharmacists' wage-and-salary earnings in three age groups (younger than 40, 40-54 years, and 55 years plus) to labor input and human-capital variables.A survey questionnaire was mailed to registered pharmacists in South Florida, USA. An earnings function was formulated and tested, using ordinary least squares, for each age group separately to compare the direction, magnitude, and statistical significance of each determinant on earnings. The covariates were number of hours worked, type of pharmacy degree, years of professional experience, gender, number of children, and whether the pharmacist had completed a residency and/or attained a specialty board certification.The model showed better fit and statistical significance for practitioners under 40 and 55 years or older. The number of hours worked was the overwhelming determinant, but the magnitude of its influence was different for the three age groups. Human-capital indicators provided evidence in support of the life-cycle argument.The wage-and-salary earnings of pharmacy practitioners were mediated by age group in their response to labor input and human-capital variables.

Disciplines

Medicine and Health Sciences | Pharmacy and Pharmaceutical Sciences

Keywords

earnings function, life-cycle argument, pharmacist workforce

This document is currently not available here.

Peer Reviewed

Find in your library

Share

 
COinS