The professional associations in Italy: the measurement and effects of regulation

Sauro Mocetti and Giacomo Roma

No 600, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: In Italy, regulated occupations that require enrolment in a professional association represent a significant share of overall employment, especially of more highly educated workers. This paper presents a new index measuring the degree of regulation that highlights the heterogeneity between the different professional bodies and shows the impact on the corresponding income from work. Some evidence on the processes of (self) selection in the occupations and the need to take into account the structural changes in the service market suggest that the quality of regulation could improve in some areas.

Keywords: regulated professions; professional associations; regulation; incomes (search for similar items in EconPapers)
JEL-codes: J24 J44 K20 (search for similar items in EconPapers)
Date: 2021-02
New Economics Papers: this item is included in nep-law and nep-reg
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Journal Article: The Professional Associations in Italy: Measurement and Effects of the Regulation (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_600_21

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