The Impact of Potential Labor Supply on Licensing Exam Difficulty

Mario Pagliero

No 53, Carlo Alberto Notebooks from Collegio Carlo Alberto

Abstract: Entry into licensed professions requires meeting competency requirements, typ- ically assessed through licensing examinations. This paper explores whether the number of individuals attempting to enter a profession (potential supply) affects the difficulty of the entry examination. The empirical results suggest that a larger potential supply may lead to more difficult licensing exams and lower pass rates. This implies that licensing may partially shelter the market from supply shocks and limit the impact of policies targeted at increasing labor supply.

Keywords: occupational licensing; minimum standards; entry regulation; legal market. (search for similar items in EconPapers)
JEL-codes: J44 K2 L4 L5 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2007, Revised 2013
New Economics Papers: this item is included in nep-com, nep-lab and nep-law
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Related works:
Journal Article: The impact of potential labor supply on licensing exam difficulty (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:cca:wpaper:53

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