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  3. Journal of Economic Perspectives
  4. Fall 2000
  5. Occupational Licensing

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Occupational Licensing

  • Morris M. Kleiner
Journal of Economic Perspectives
vol. 14, no. 4, Fall 2000
(pp. 189–202)
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Abstract

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.

Citation

Kleiner, Morris, M. 2000. "Occupational Licensing." Journal of Economic Perspectives, 14 (4): 189–202. DOI: 10.1257/jep.14.4.189

JEL Classification

  • J24 Human Capital; Skills; Occupational Choice; Labor Productivity
  • D45 Rationing; Licensing
  • J22 Time Allocation and Labor Supply
  • J44 Professional Labor Markets; Occupational Licensing
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