Wage Bargaining and the (Dynamic) Mincer Equation

Corrado Andini

Economics Bulletin, 2009, vol. 29, issue 3, 1842-1849

Abstract: This paper shows that, if observed earnings are the result of employer-employee wage bargaining, under a set of specific assumptions, the standard static Mincer equation can be thought as a particular case of a dynamic wage equation. Particularly, we argue that the standard static Mincer equation is implicitly based on the hypothesis that the employee has full bargaining power, and provide (further) empirical evidence against this hypothesis.

Keywords: Mincer Equation; Return to Schooling; Wage Bargaining (search for similar items in EconPapers)
JEL-codes: I2 J3 (search for similar items in EconPapers)
Date: 2009-07-29
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Citations: View citations in EconPapers (3)

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Working Paper: Wage Bargaining and the (Dynamic) Mincer Equation (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-09-00433

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