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Occupational Licensing and Labor Market Fluidity
We show that occupational licensing has significant negative effects on labor market fluidity defined as cross-occupation mobility. Using a balanced panel of workers constructed from the CPS and SIPP data, we analyze the link between occupational licensing and labor market outcomes. We find that workers with a government-issued occupational license experience churn rates significantly lower than those of non-licensed workers. Specifically, licensed workers are 24% less likely to switch occupations and 3% less likely to become unemployed in the following year. Moreover, occupational licensing ...
Working Paper
Measuring Overtime Exemption Status: A Task-Based Approach
This paper introduces new measures of the overtime exemption status of individual tasks measured by O*NET. Task-based measures reveal that about 60 percent of salaried workers are in occupations in which either all or no O*NET tasks are exempt. While workers with higher earnings tend to be employed in occupations in which a larger share of tasks are exempt, there is substantial variation in exempt task shares across occupations at all levels of earnings. The task content of job ads shows a similar pattern. Incorporating task-based exemption measures into extensions of prior work reveals that ...