The impact of occupational licensing on labor market outcomes of college-educated workers

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Permanent URL for this page: http://hdl.voced.edu.au/10707/459542.

Author: Bailey, Thomas R.; Belfield, Clive R.

Abstract:

More than one third of college-educated workers have a license that provides the right to practice a particular occupation. In contrast to certificates, these licenses, serving either as a productivity signal or acting as a restrictive practice, are associated with significantly higher earnings. Thus, it is possible that some part of the returns to college are in fact returns to licensing. In this paper, the authors identify the effects of licenses on a set of labor market outcomes for the college-educated workforce using newly available national Current Population Survey data merged...  [+] Show more

Subjects: Employment; Labour market; Governance; Outcomes

Keywords: Occupation; Regulation; Professional recognition; Return on education and training; Labour force participation; Wage rate

Geographic subjects: United States; North America

Published: New York, New York: Community College Research Center, 2018

Physical description: 37 p.

Access item:

https://ccrc.tc.columbia.edu/publications/impact-occupational-licensing-labor-market.html

Series: CCRC working paper; no. 104

Statement of responsibility: Thomas Bailey, Clive R. Belfield

Resource type: Working paper

Call number: TD/TNC 133.143

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