M.D. Faculty Salaries in Psychiatry and All Faculty Departments, 1980-2001
Published in: Psychiatric Services, v. 56, no. 2, Feb. 2005, p. 142
Posted on RAND.org on December 31, 2004
In general, salaries for academic physicians continue to rise and keep pace with inflation despite changes in health care reimbursement, such as the expansion of managed care. This study compared trends in the salaries of faculty in academic departments of psychiatry with those of faculty in all academic departments. Lower, flatter pay trends in academic psychiatry possibly reflect general inequities and deficiencies in financing for mental health. Recruitment and retention implications of these trends are important because of the widely recognized need for clinician investigators in psychiatry.