Occupational Licensing | Zendy

Morris M. Kleiner | Zendy

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Occupational Licensing

Author(s) -

Morris M. Kleiner

Publication year - 2000

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.14.4.189

Subject(s) - occupational licensing , institution , labour economics , service (business) , economics , quality (philosophy) , public economics , business , microeconomics , political science , law , economy , philosophy , epistemology

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.

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