Occupational Licensing

Morris M. Kleiner

Journal of Economic Perspectives, 2000, vol. 14, issue 4, 189-202

Abstract: 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.

JEL-codes: D45 J22 J24 J44 (search for similar items in EconPapers)
Date: 2000
Note: DOI: 10.1257/jep.14.4.189
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Citations: View citations in EconPapers (162)

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