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Using the LSAT as a labor market thermometer for lawyers

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  • James V. Koch
  • Barbara Blake‐Gonzalez

Abstract

We rely upon a 50‐state, 20‐year panel to find that the number of Law School Admissions Test (LSAT) takers is only loosely related to economic conditions—although slightly more for men than for women, who in 2020 accounted for 58% of all LSAT takers. The number of test takers rose more than 35% between 2014 and 2020. This wave accentuated an already existing downtrend in the median real income of lawyers, and thus provides support for the hypothesis that most states have more lawyers than they need.

Suggested Citation

  • James V. Koch & Barbara Blake‐Gonzalez, 2023. "Using the LSAT as a labor market thermometer for lawyers," American Journal of Economics and Sociology, Wiley Blackwell, vol. 82(1), pages 29-42, January.
  • Handle: RePEc:bla:ajecsc:v:82:y:2023:i:1:p:29-42
    DOI: 10.1111/ajes.12488
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    References listed on IDEAS

    as
    1. James V. Koch & Barbara Blake-Gonzalez, 2022. "Why has the median real income of lawyers been declining?," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 46(4), pages 646-665, October.
    2. Alexia Brunet Marks & Scott A. Moss, 2016. "What Predicts Law Student Success? A Longitudinal Study Correlating Law Student Applicant Data and Law School Outcomes," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 13(2), pages 205-265, June.
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