Guild-Ridden Labor Markets: The Curious Case of Occupational Licensing
This book provides a detailed, nontechnical overview of occupational licensing in the United States, China, the United Kingdom, and the European Union for students of the labor market, consumers, the public, and policymakers. Occupational licensing is an institution that rarely is discussed or receives the media attention that its size and scope warrant. It makes up about 29 percent of the U.S. workforce, up to 24 percent of the workforce in the EU, about 14 percent in the UK, and about 9 percent in China. The book examines the institution of occupational licensing from a historical perspective and offers a rationale for its existence and costs, an international perspective, and policy implications.