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The professional associations in Italy: the measurement and effects of regulation

Author

Listed:
  • Sauro Mocetti

    (Bank of Italy)

  • Giacomo Roma

    (Bank of Italy)

Abstract

In Italy, regulated occupations that require enrolment in a professional association represent a significant share of overall employment, especially of more highly educated workers. This paper presents a new index measuring the degree of regulation that highlights the heterogeneity between the different professional bodies and shows the impact on the corresponding income from work. Some evidence on the processes of (self) selection in the occupations and the need to take into account the structural changes in the service market suggest that the quality of regulation could improve in some areas.

Suggested Citation

  • Sauro Mocetti & Giacomo Roma, 2021. "The professional associations in Italy: the measurement and effects of regulation," Questioni di Economia e Finanza (Occasional Papers) 600, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_600_21
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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2021-0600/QEF_600_21.pdf
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    Keywords

    regulated professions; professional associations; regulation; incomes;
    All these keywords.

    JEL classification:

    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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