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Does Regulation Trade-off Quality Against Inequality?

其他書名	The Case of German Architects and Construction Engineers
出版	University of Hohenheim, Dean’s Office of the Faculty of Business, Economics and Social Sciences, 2018
URL	http://books.google.com.hk/books?id=-Nb1vgEACAAJ&hl=&source=gbs_api

註釋We exploit an exogenous price increase by about 10% for architectural services to answer the question how price regulation affects income inequality and service quality. Using individual-level data from the German microcensus for the years 2006 to 2012, we find a significant reform effect of 8% on personal net income for self-employed architects and construction engineers. This group moved from the second lowest to the highest quintile of the net income distribution. This increase in inequality is associated with a deterioration of service quality. The reform reduced average scores of a peer ranking for architects by 18%.