
Friedman (1951) thought the union wage premium was overstated because it can’t be as big as doctors’ extract from occupational licensing
02 Dec 2019 Leave a comment
by Jim Rose in applied price theory, econometerics, economics of regulation, labour economics, labour supply, Milton Friedman, occupational choice, occupational regulation, Public Choice, rentseeking, unions Tags: barriers to entry, occupational licensing, union power, union wage premium

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