Licensing Occupations: Ensuring Quality or Restricting Competition?

Product Description The licensing of occupations is often seen as stealth regulation that operates under the public policy radar screen. Unlike other labor market institutions, such as laws regulating unions or the minimum wage, the regulation of occupations has received little attention from the press, academics, or policymakers. PHowever, this lack of attention is not because occupational licensing is diminishing in the labor market. Since the 1950s, licensing coverage has grown from about 5 percent of the workforce to more than 20 percent, while unions have declined from about a third of the workfor
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