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The empirical literature on occupational licensing finds standard monopoly effects of entry regulations: Less competition and economic rents for professionals. I exploit the natural experimental design of a change in the German crafts regulation in 2004, which removed the traditional licensing...
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We analyze the impact of occupational deregulation on the wages of licensed workers. To do so, we exploit a … deregulated relative to regulated occupations. This effect is primarily driven by a substantial increase in the wages of masters …
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occupational licensing can raise the wages of members of both occupations, but the duration of state occupational licensing …
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