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Supply-side effects of the 150-hour educational requirement for CPA licensure

Author

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  • John Jacob
  • Dennis Murray

Abstract

This study examines issues associated with professional licensure in the context of the recently implemented 150-hour educational requirement for CPA licensure. We base our hypotheses on prior professional licensure research in economics and accounting. The results show that the implementation of the requirement has been associated with a substantial decline in the number of candidates taking the CPA exam, a significant increase in the pass-rate on the exam and an overall decline in the number of successful candidates. We also find that a substantial number of candidates advanced the timing of their candidature to circumvent the requirement and that candidates migrate from states that implement the requirement to non-implementing states. Copyright Springer Science+Business Media, LLC 2006

Suggested Citation

  • John Jacob & Dennis Murray, 2006. "Supply-side effects of the 150-hour educational requirement for CPA licensure," Journal of Regulatory Economics, Springer, vol. 30(2), pages 159-178, August.
    • Handle: RePEc:kap:regeco:v:30:y:2006:i:2:p:159-178
    DOI: 10.1007/s11149-006-0015-4
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    Cited by:

    1. Eames, Michael & Luttman, Suzanne & Parker, Susan, 2018. "Accelerated vs. traditional accounting education and CPA exam performance," Journal of Accounting Education, Elsevier, vol. 44(C), pages 1-13.
    2. Dick M. Carpenter II & Lisa Knepper & Angela C. Erickson & John K. Ross, 2015. "Regulating Work: Measuring the Scope and Burden of Occupational Licensure Among Low- and Moderate-Income Occupations in the United States," Economic Affairs, Wiley Blackwell, vol. 35(1), pages 3-20, February.
    3. Brian Meehan & E. Frank Stephenson, 2020. "Reducing a Barrier to Entry: The 120/150 CPA Licensing Rule," Journal of Labor Research, Springer, vol. 41(4), pages 382-402, December.

    More about this item

    Keywords

    150-hour rule; Occupational licensure; CPA licensure; I21; K2; L51; M4;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • K2 - Law and Economics - - Regulation and Business Law
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

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