Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric …-in-differences event study research design that exploits cross-state variation in licensing laws to compare the unemployment rate between …, we find that licensing shields workers from a recession-induced increase in the unemployment rate of 0.82 p.p. during …

employment and unemployment over the business cycle are more uncertain. Exploitation of partial reforms and the use of micro data … in recent research appear not to have affected results regarding employment and unemployment in any systematic way …