Supply-side effects of the 150-hour educational requirement for CPA licensure

John Jacob () and Dennis Murray ()

Journal of Regulatory Economics, 2006, vol. 30, issue 2, 159-178

Abstract: This study examines issues associated with professional licensure in the context of the recently implemented 150-hour educational requirement for CPA licensure. We base our hypotheses on prior professional licensure research in economics and accounting. The results show that the implementation of the requirement has been associated with a substantial decline in the number of candidates taking the CPA exam, a significant increase in the pass-rate on the exam and an overall decline in the number of successful candidates. We also find that a substantial number of candidates advanced the timing of their candidature to circumvent the requirement and that candidates migrate from states that implement the requirement to non-implementing states. Copyright Springer Science+Business Media, LLC 2006

Keywords: 150-hour rule; Occupational licensure; CPA licensure; I21; K2; L51; M4 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (5)

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DOI: 10.1007/s11149-006-0015-4

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