Blair, Peter Q.; Chung, Bobby W. - National Bureau of Economic Research - 2024
licensed and unlicensed workers before and after the COVID-19 recession and the Great Recession. Controlling for worker ability …, we find that licensing shields workers from a recession-induced increase in the unemployment rate of 0.82 p.p. during … COVID-19 and 1.11 p.p. during the Great Recession …