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Text
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URL Address
<a href="http://doi.org/10.5688/ajpe8175990" target="_blank" rel="noreferrer noopener">http://doi.org/10.5688/ajpe8175990</a>
Pages
5990–5990
Issue
7
Volume
81
Dublin Core
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Title
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Evaluating the Changing Financial Burdens for Graduating Pharmacists.
Publisher
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American journal of pharmaceutical education
Date
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2017
2017-09
Subject
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Humans; Career Choice; Income; new practitioners; personal finance; Pharmacists/*economics; Salaries and Fringe Benefits/economics; student debt; Training Support/*economics; Students; Education; Schools; Pharmacy; Pharmacy/*economics
Creator
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Mattingly T Joseph 2nd; Ulbrich Timothy R
Description
An account of the resource
Objective. To compare new practitioners in 2009 and 2014 by modeling net income from available salary, expenditure, and student loan data. Methods. A Monte Carlo simulation with probabilistic sensitivity analysis was conducted to model net income for graduating pharmacists in 2009 and 2014. Mean and standard deviations were recorded for each model parameter. Student t-tests were used to compare the mean differences between 2009 and 2014 cohorts. Results. Pharmacist salary and disposable income were higher on average in 2014 compared with 2009. Consumer expenditures were higher in 2014, offsetting the higher salary resulting in a 2014 discretionary income that was less than in 2009 [95% CI: -$2,336, -$1,587]. Net income decreased from 2009 to 2014 for all pharmacy school types. Conclusion. Regardless of loan payment strategy, net incomes for pharmacists graduating from public and private institutions were less in 2014 compared with 2009.
Identifier
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<a href="http://doi.org/10.5688/ajpe8175990" target="_blank" rel="noreferrer noopener">10.5688/ajpe8175990</a>
Rights
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Article information provided for research and reference use only. All rights are retained by the journal listed under publisher and/or the creator(s).
2017
American journal of pharmaceutical education
Career Choice
Department of Pharmaceutical Sciences
Department of Pharmacy Practice
Education
Humans
Income
Mattingly T Joseph 2nd
NEOMED College of Pharmacy
new practitioners
personal finance
Pharmacists/*economics
Pharmacy
Pharmacy/*economics
Salaries and Fringe Benefits/economics
Schools
student debt
Students
Training Support/*economics
Ulbrich Timothy R