Certifiably employable? Occupational regulation and unemployment duration.

Occupational regulation is a labor market institution that has received a growing amount of attention. However, there is a gap in the literature regarding the relationship between occupational credentials and unemployment duration in the United States. Thus, we propose a random search model to expla...

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Publicado en:Southern Economic Journal Vol. 90; no. 4; pp. 1035 - 1060
Autores principales: Kukaev, Ilya, Timmons, Edward J.
Formato: Artículo
Publicado: Wiley-Blackwell Apr2024
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Apr2024
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      pub: Wiley-Blackwell
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        atl: Certifiably employable? Occupational regulation and unemployment duration.
      aug:
        au:
          Kukaev, Ilya
          Timmons, Edward J.
        affil: John Chambers School of Business and Economics, West Virginia University, Morgantown West Virginia, , USA
      su:
        United States
        Unemployed people
        Unemployment
        Labor market
        Human capital
        Black men
        Professional licenses
        Panel analysis
      sug:
        subj:
          Unemployed people
          Unemployment
          Labor market
          Human capital
          United States
          Black men
          Professional licenses
          Panel analysis
      keyword:
        certification
        occupational licensing
        occupational regulation
        search
        unemployment duration
        certification
        occupational licensing
        occupational regulation
        search
        unemployment duration
      ab: Occupational regulation is a labor market institution that has received a growing amount of attention. However, there is a gap in the literature regarding the relationship between occupational credentials and unemployment duration in the United States. Thus, we propose a random search model to explain differences in unemployment duration resulting from heterogeneous effects from licenses and certification. Our model predicts that an occupational credential with a stronger signaling/human capital effect results in a shorter individual unemployment duration. To estimate the relationship between occupational credentials and spells of unemployment, we perform a survival analysis using panel data from the Survey of Income and Program Participation (SIPP) for the years 2013–2019. We find that both licensing and certification are associated with reductions in unemployment spells for Black males that are similar in magnitude. Our results provide some suggestive guidance to policymakers since certification is less costly and not mandatory like occupational licensing.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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