In July 2015 the U.S. Department of the Treasury’s Office of Economic Policy, the Council of Economic Advisers, and the U.S. Department of Labor issued an impressive and extremely well documented report entitled "Occupational Licensing: A Framework for Policymakers." Recent Hamilton Project author Morris Kleiner comments on the positives and shortcomings of the report, and draws comparisons with his Hamilton Project policy proposal released in March.
On March 11, The Hamilton Project hosted a forum and released three new papers focusing on how the U.S. economy can be strengthened by expanding labor market opportunities. United States Vice President Joe Biden delivered remarks.The first panel discussed a new proposal suggesting four major reforms to occupational licensing policies. The second panel discussed two papers that seek to strengthen unemployment insurance and increase the rates of minority entrepreneurship.
Evidence suggests that occupational licensing has had an important influence on wage determination, benefits, employment, and prices in ways that impose net costs on society with little improvement to service quality, health, and safety. To improve occupational licensing practices, Morris Kleiner proposes four specific reforms.