“Mincer earnings function”的意思、由来-开放百科全书

The Mincer earnings function is a single-equation model that explains wage income as a function of schooling and experience, named after Jacob Mincer.^[1]^[2] The equation has been examined on many datasets and Thomas Lemieux argues it is "one of the most widely used models in empirical economics". Typically the logarithm of earnings is modelled as the sum of years of education and a quadratic function of "years of potential experience".^[3]^[4]

Where the variables have the following meanings;

is earnings (the intercept

is the earnings of someone with no education and no experience);

is years of schooling;

is years of potential labour market experience.^[3] The parameters

, and

can be interpreted as the returns to schooling and experience, respectively.

References

1. ^{{Cite journal | last1 = Mincer | first1 = Jacob | last2 = | first2 = | year = 1958 | title = Investment in Human Capital and Personal Income Distribution | journal = Journal of Political Economy | volume = 66 | issue = 4 | pages = 281–302 | publisher = | jstor = 1827422 | url = | format = | accessdate = | doi=10.1086/258055}}
2. ^{{cite book |last=Mincer |first=J. |year=1974 |title=Schooling, Experience and Earnings |location=New York |publisher=National Bureau of Economic Research |url=https://books.google.com/books?id=9IGqAAAAIAAJ }}
3. ^¹Lemieux, Thomas. (2006) [https://books.google.com/books?id=FeCS-vRhp9AC&pg=PA127 "The 'Mincer equation' Thirty Years after Schooling, Experience, and Earnings"] in Jacob Mincer: A Pioneer of Modern Labor Economics, Shoshanna Grossbard, ed., Springer: New York. pp. 127–145.
4. ^{{cite paper |last=Heckman |first=James J. |first2=Lance J. |last2=Lochner |first3=Petra E. |last3=Todd |year=2003 |title=Fifty Years of Mincer Earnings Regressions |work=NBER Working Paper No. 9732 |doi=10.3386/w9732 }}
5. ^{{Cite journal | last1 = Rosen | first1 = Sherwin | last2 = | first2 = | year = 1992 | title = Distinguished Fellow: Mincering Labor Economics | journal = Journal of Economic Perspectives | volume = 6 | issue = 2 | pages = 157–170 | publisher = | jstor = 2138414 | url = | format = | accessdate = | doi=10.1257/jep.6.2.157}}

References

Further reading