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Our Guild-Ridden Economy: Issues and Possible Solutions

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  • Morris M. Kleiner

Abstract

The growth of occupational licensing in the United States has resulted in higher labor costs, restricted services and other economic distortions, with relatively limited benefits in practice quality. This essay describes the state of such licensing, discusses pros and cons of the practice, and suggests several proposals to improve the current situation.

Suggested Citation

  • Morris M. Kleiner, 2015. "Our Guild-Ridden Economy: Issues and Possible Solutions," Economic Policy Paper 15-9, Federal Reserve Bank of Minneapolis.
    • Handle: RePEc:fip:fedmep:15-9
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    References listed on IDEAS

    as
    1. Morris M. Kleiner & Alan B. Krueger, 2013. "Analyzing the Extent and Influence of Occupational Licensing on the Labor Market," Journal of Labor Economics, University of Chicago Press, vol. 31(S1), pages 173-202.
    2. Morris M. Kleiner, 2013. "Stages of Occupational Regulation: Analysis of Case Studies," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number sor, August.
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