The Alliance for Responsible Professional Licensing commissioned Oxford Economics to produce a quantitative study to explore the impacts of professional licensing in highly complex, technical fields, such as engineers, surveyors, architects, landscape architects, and certified public accountants. Among our key findings: licensed workers’ wages are 10%-15% higher compared with unlicensed workers with similar levels of education, training and experience. And a license is found to narrow both the gender-driven and the race-driven wage gap.
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Topics: Thought Leadership, Forward thinking newsletter - US, Professional licensing