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empirical analysis exploits variation in licensing regulation across states and industries and constructs indicators for both … the share of employment subject to licensing (the extensive margin) and the strictness of regulation (the intensive margin … with more extensive and stricter licensing regulation. The results from the analysis of earnings are generally mixed and …
Persistent link: https://www.econbiz.de/10012202931
We quantify firms' regulatory compliance costs from 2002 to 2014 in terms of their labor spending to adhere to government rules. Detailed establishment-level occupation data, in combination with occupation-specific task information, allow us to recover the share of an establishment's wage bill...
Persistent link: https://www.econbiz.de/10014255956
Regulations can create economic rents for incumbents at the expense of new entrants, thereby limiting entrepreneurship and exacerbating income inequality. Cross-country studies have shown that higher costs to starting a business tends to slow new firm formation (Chambers and Muenmo 2019) and...
Persistent link: https://www.econbiz.de/10014082019
This paper estimates how beer franchise laws and their interaction with restrictions on vertical integration between manufacturing and wholesaling impacted US craft brewers' entry and production decisions. The effects are identified by exploiting variation in policies across states and time...
Persistent link: https://www.econbiz.de/10012792454
Occupational licensing and non-competition agreements are two important types of labour market regulation in the United … States, both covering around one fifth of all workers. While some regulation is needed to protect safety and ensure quality … these barriers. The States are mainly responsible for labour market regulation and the variation across States is similar to …
Persistent link: https://www.econbiz.de/10012304432
Numerous studies evaluate how a jurisdiction’s institutional and specifically regulatory environment impact firm formation and entrepreneurial activity. This study adds to this by employing a dataset measuring the differential impact that federal regulations have on industries across US...
Persistent link: https://www.econbiz.de/10014255963
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premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …
Persistent link: https://www.econbiz.de/10012022346