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来源类型Working Paper
规范类型报告
DOI10.3386/w10467
来源IDWorking Paper 10467
Specialization and Regulation: The Rise of Professionals and the Emergence of Occupational Licensing Regulation
Marc T. Law; Sukkoo Kim
发表日期2004-05-10
出版年2004
语种英语
摘要This paper explores the origins and effects of occupational licensing regulation in late nineteenth and early twentieth century America. Was licensing regulation introduced to limit competition in the market for professional services at the expense of efficiency? Or was licensing adopted to reduce informational asymmetries about professional quality? To investigate these hypotheses, we analyze the determinants of licensing legislation and the effect of licensing on entry into eleven occupations. We also examine the impact of medical licensing laws on entry into the medical profession, physician earnings, mortality rates, and the incidence of medical malpractice. We believe that, at least for the Progressive Era, the evidence is more consistent with the asymmetric information hypothesis than the industry capture hypothesis.
主题Other ; Law and Economics
URLhttps://www.nber.org/papers/w10467
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/568096
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Marc T. Law,Sukkoo Kim. Specialization and Regulation: The Rise of Professionals and the Emergence of Occupational Licensing Regulation. 2004.
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