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The Impact of Potential Labor Supply on Licensing Exam Difficulty

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  • Mario Pagliero

Abstract

Entry into licensed professions requires meeting competency requirements, typ- ically 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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File URL: http://www.carloalberto.org/assets/working-papers/no.53.pdf
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Bibliographic Info

Paper provided by Collegio Carlo Alberto in its series Carlo Alberto Notebooks with number 53.

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Length: 40 pages
Date of creation: 2007
Date of revision: 2013
Handle: RePEc:cca:wpaper:53

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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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