Anti-Licensing Movement Scores a Victory
by: Eric Morath
Nov 14, 2015
Click here to view the full article on WSJ.com
by: Eric Morath
Nov 14, 2015
Click here to view the full article on WSJ.com
TOPICS: International Trade, Regulation
SUMMARY: Fitness trainers in the nation's capital city, led by a push from CrossFit, look set to pull off a feat that has eluded the White House and a number of libertarian groups: stopping the spread of occupational licenses.
CLASSROOM APPLICATION: Students can examine the effect of licensing on barriers to entry and wages in occupations. They can also evaluate the reasons why workers in licensed occupations support licensing and discuss the potential benefits of licensing.
QUESTIONS:
1. (Introductory) What is the effect of occupational licensing on entry into an occupation?
2. (Advanced) Is occupational licensing equivalent to creating a professional monopoly?
3. (Advanced) What are the advantages and disadvantages of occupational licensing? What criterion and methodology would an economist use to determine whether a profession should be licensed?
1. (Introductory) What is the effect of occupational licensing on entry into an occupation?
2. (Advanced) Is occupational licensing equivalent to creating a professional monopoly?
3. (Advanced) What are the advantages and disadvantages of occupational licensing? What criterion and methodology would an economist use to determine whether a profession should be licensed?
Reviewed By: James Dearden, Lehigh University
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