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Media type:
E-Book
Title:
The influence of occupational licensing and regulation
:
occupational licensing may raise wages and benefits for those licensed but also reduce access to work without clear benefits to consumers
Description:
Since the end of World War II, occupational licensing has been one of the fastest growing labor market institutions in the developed world. The economics literature suggests that licensing can influence wage determination, the speed at which workers find employment, pension and health benefits, and prices. Moreover, there is little evidence to show that licensing improves service quality, health, or safety in developed nations. So, why is occupational licensing is growing when there are such well-established costs to the public?