03886nam a22005175i 4500 978-3-031-74349-8 DE-He213 20251030114646.0 cr nn 008mamaa 241228s2024 sz | s |||| 0|eng d 9783031743498 978-3-031-74349-8 10.1007/978-3-031-74349-8 doi HD4801-8943 KCF bicssc BUS038000 bisacsh KCF thema Reforming Occupational Licensing in the US [electronic resource] : Reducing Social Costs and Increasing Social Benefits in the Legal, Medical, and Financial Services Professions / edited by Clifford Winston. 1st ed. 2024. Cham : Springer Nature Switzerland : Imprint: Palgrave Macmillan, 2024. XI, 169 p. 4 illus., 1 illus. in color. online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Chapter 1: Introduction -- Chapter 2: Can Deregulating the Legal Industry: Significantly Benefit American Society? -- Chapter 3: Is Deregulating the Medical Profession Just What the Doctor Ordered? -- Chapter 4: Balancing Flexibility and Integrity: Reforming Licensing in Accounting and Financial Advising -- Chapter 5: Conclusions. Nearly one-third of US workers must obtain a license from a government agency to perform their jobs legally. This impacts employees across all areas, including lawyers, doctors, and accountants, as well as florists, hairdressers, physical therapists, and plumbers. The justification for occupational licensing is that potential consumers allegedly lack the information and knowledge to judge the competence of a service provider. This necessitates a licensing system built to ensure that customers are served by people who have received adequate training and certification in their profession. While there are recognizable benefits of occupational licensing, the training and certification requirements create barriers to entry for employees or those entering the profession. These barriers can limit competition, raise service costs, and restrict consumer access to essential services. Recent empirical work suggests that consumers have incurred these costs without being adequately protected from incompetent or unscrupulous service providers. This book addresses this situation head on. In light of occupational licensing's shortcomings, the authors of this book propose and analyze constructive reforms, assessing their effects on key professions such as law, medicine, and finance. Chapters identify the significant costs of current policies and they recommend practical reforms that rely more on market forces. The resulting book provides new ways to reduce licensing costs without compromising service quality. Clifford Winston is a senior fellow in the economic studies program at the Brookings Institution. . Labor economics. Population Economic aspects. 58573 Industries. 67490 Labor Economics. Population Economics. 69628 Sector and Industry Studies. 72532 Winston, Clifford. editor. edt http://id.loc.gov/vocabulary/relators/edt 89756 SpringerLink (Online service) Springer Nature eBook Printed edition: 9783031743481 Printed edition: 9783031743504 Printed edition: 9783031743511 https://doi.org/10.1007/978-3-031-74349-8 ZDB-2-ECF ZDB-2-SXEF 66136 66136