Citation

impact of licensing on hourly wages is much smaller than in the United States. The major empirical findings in Licensing Occupations are summarized in Table 1. Given these results of the labor market impacts of licensing, other forms of regulation, such as certification, are suggested. Alternative forms of occupational regulation may provide consumers with more choice than licensing and reduce the potential monopoly impacts of licensing in the labor market. In order to better monitor the economic impacts of licensing, data on this form of regulation should b