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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...
Persistent link: https://www.econbiz.de/10012468226
In many professional service firms, new associates work long hours while competing in up-or-out promotion contests. Our … significant risks of dismissal. We argue that the productivity of skilled partners in professional service firms (e.g. law …
Persistent link: https://www.econbiz.de/10012453887