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The impact of potential labor supply on licensing exam difficulty

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  • Pagliero, Mario

Abstract

Entry into licensed professions requires meeting competency requirements, typically assessed through licensing examinations. This paper explores whether the number of individuals attempting to enter a profession (potential supply) affects the difficulty of the entry examination. The empirical results suggest that a larger potential supply may lead to more difficult licensing exams and lower pass rates. This implies that licensing may partially shelter the market from supply shocks and limit the impact of policies targeted at increasing labor supply.

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Bibliographic Info

Article provided by Elsevier in its journal Labour Economics.

Volume (Year): 25 (2013)
Issue (Month): C ()
Pages: 141-152

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Handle: RePEc:eee:labeco:v:25:y:2013:i:c:p:141-152

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Web page: http://www.elsevier.com/locate/labeco

Related research

Keywords: Occupational licensing; Minimum standards; Entry regulation; Legal market;

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References

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Cited by:
  1. Mario Pagliero & Edward Timmons, 2013. "Occupational Regulation in the European Legal Market," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 10(2), pages 243-265, August.

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