Licensing Exam Difficulty and Entry Salaries in the US Market for Lawyers

• Autores: Mario Pagliaro
• Localización: British journal of industrial relations, ISSN 0007-1080, Vol. 48, Nº. 4, 2010, págs. 726-739
• Idioma: inglés
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• Resumen

  • This article provides evidence of a correlation between licensing exam difficulty and salaries in a regulated profession. Exam difficulty is positively correlated with salaries across states and over time, both at the aggregate and individual state levels. The magnitude of this correlation is substantial: a 1 per cent increase in exam difficulty implies a 1.7 per cent increase in median entry‐level salaries. Exam difficulty does not significantly affect the inter‐quartile difference in salaries.