Occupational Licensing

The study of the regulation of occupations has a long and distinguished tradition in economics. In this paper, I present the central arguments and unresolved issues involving the costs and benefits of occupational licensing. The main benefits that are suggested for occupational licensing involve imp...

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Bibliographic Details
Published inThe Journal of economic perspectives Vol. 14; no. 4; pp. 189 - 202
Main Author Kleiner, Morris M.
Format Journal Article
LanguageEnglish
Published Nashville, Tenn American Economic Association 01.10.2000
Subjects
Cost benefit analysis
Dentists
Economic theory
Education certifications
Employment
European Union
Human capital
Labour
Labour force
Labour market
Licences
Licensing
Licensing examinations
Occupational licensing
Occupations
Professional licensing
Regulation
U.S.A
Workers
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Summary:The study of the regulation of occupations has a long and distinguished tradition in economics. In this paper, I present the central arguments and unresolved issues involving the costs and benefits of occupational licensing. The main benefits that are suggested for occupational licensing involve improving quality for those persons receiving the service. In contrast, the costs attributed to this labor market institution are that it restricts the supply of labor to the occupation and thereby drives up the price of labor as well as of services rendered. Alternative public policies for this institution are identified.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0895-3309
1944-7965
DOI:10.1257/jep.14.4.189