Employment and Wage Effects of Privatization: Evidence from Transition Economies by John Earle

impact of licensing on hourly wages is much smaller than in the United States. The major empirical findings in Licensing Occupations are summarized in Table 1. Given these results of the labor market impacts of licensing, other forms of regulation, such as certification, are suggested. Alternative forms of occupational regulation may provide consumers with more choice than licensing and reduce the potential monopoly impacts of licensing in the labor market. In order to better monitor the economic impacts of licensing, data on this form of regulation should be provided to academics and policymakers in the major national labor market data sources, such as the Current Population Survey. With more data and analysis, the public, workers, and policymakers can more accurately assess whether occupational licensing is ensuring quality or restricting competition.