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Morris Kleiner shines light on the effects of occupational licensing.

For the occupations examined we find the impact of being licensed to be about 10 to 12 percent [of hourly earnings]...[T]he impact of being in a state that licenses an occupation relative to ones that do not...is about a four percent hourly earnings premium.

Evan Soltas: economics and thought
May 23, 2012

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Hubert H. Humphrey Institute of Public Affairs