The income of psychiatrists: Adaptation during difficult economic times

B. Astrachan, S. S. Sharfstein

Research output: Contribution to journalArticle

Abstract

The earnings of psychiatrists are substantially lower than the earnings of physicians in procedurally oriented and surgical specialties of medicine. The authors offer evidence, however, that when it is compared to other cognitive medical specialties, such as pediatrics and internal medicine, psychiatry is the highest paid specialty on an hourly basis. In recent years, psychiatrists' income has improved, largely because of enhanced productivity and efficiency, diversification of treatments, work in multiple settings, the expansion of group practice, and subspecialization. The authors provide an optimistic perspective on the future of psychiatry as a medical specialty.

Original languageEnglish (US)
Pages (from-to)885-887
Number of pages3
JournalAmerican Journal of Psychiatry
Volume143
Issue number7
DOIs
StatePublished - Jan 1 1986

ASJC Scopus subject areas

  • Psychiatry and Mental health

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