Wednesday, August 29, 2018 at 1:15pm to 2:45pm
Mann Library, 102
Cornell University Mann Library, Cornell University, Ithaca, NY 14853, USA
Peter Blair, Assistant Professor, Harvard University
More information about the speaker can be found here: www.peterqblair.com
Title: Job Market Signaling through Occupational Licensing
Abstract: A large literature demonstrates that occupational licensing is a labor market friction that distorts labor supply allocation and prices. We show that an occupational license serves as a job market signal, similar to education. In the presence of occupational licensing, we find evidence that firms rely less on observable characteristics such as race and gender in determining employee wages. As a result, licensed minorities and women experience smaller wage gaps than their unlicensed peers.