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S E43: Why wages vary - Why some of us get paid more than others

Think Like An Economist

CHAPTER

What Is an Occupation License?

Education can give you real skills that will make you more productive. But it doesn't work to generate the signal that a degree or other credential would. Institutions can impact how much you earn, beween the rules and regulations that affect the labour market and the world of work. An occupationar license is a set of rules that determines who's allowed to work in an occupation.

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