The effects of reforms in the professional services market

Irene Di Marzio (), Sauro Mocetti and Giacomo Roma
Additional contact information
Irene Di Marzio: Bank of Italy

No 900, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: In Italy, as in other advanced economies, regulated professions account for a significant share of total employment, particularly among the highly educated workforce. This paper examines the evolution of regulation in terms of both the number of professions requiring specific qualifications and the degree of restrictions imposed. It also analyses the key features of the labour market for regulated professions and the economic performance of firms in the professional services sector, which employ a substantial portion of professionals registered with professional bodies. Finally, the paper evaluates the impact of some reforms targeting professional services, especially those aimed at removing constraints on economic activity, such as allowing free price setting, advertising, and the use of corporate structures.

Keywords: regulated professions; professional services; regulation; income; employment; markups (search for similar items in EconPapers)
JEL-codes: J24 J44 K20 (search for similar items in EconPapers)
Date: 2024-12
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bancaditalia.it/pubblicazioni/qef/2024-0900/QEF_900_24.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_900_24

Access Statistics for this paper

More papers in Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area Contact information at EDIRC.
Bibliographic data for series maintained by ().