An Examination of the Economic Side Effects of the State Licensing of Pharmacists
All of the regressions and test statistics generated to ascertain the effects on pharmacist availability consistently revealed the following: (1) Pharmacist-population ratios, the proxy for pharmacist availability, were found to be significantly and inversely correlated with initial licensure examination fail rates, significantly and negatively impacted by nonreciprocity (the nonissuance of reciprocal licenses), significantly and positively affected by numerous guild regulations, and significantly and positively related to pharmacy school graduation rates. The last result implies that pharmacist availability is, ceteris paribus, lower in states which do not have pharmacy schools. (2) Conversely, citizenship requirements and reciprocal licensing requisites were found to have insignificant impacts on pharmacist-population ratios.
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