What Is the 'Cost per Regulator' on GDP and Private Sector Job Creation? An Update on Prior Research
Phoenix Center Perspectives No. 17-01
7 Pages Posted: 5 May 2017
Date Written: February 22, 2017
Each $1 million change in the regulatory budget is associated with a change of about four regulator jobs. With our new update, we now find that a 10% cut in the regulatory budget results in a loss of 21,756 regulatory jobs. Given the average jobs impact of 3 million jobs over the five-year horizon, our updated analysis finds that one regulator costs the U.S. economy the equivalent of 138 private sector jobs per year. Each regulator costs the U.S. economy $11 million annually.
Keywords: Regulation, Regulatory Burden, Cost per Regulator, Costs of Regulation
JEL Classification: G18
Suggested Citation: Suggested Citation