Mincer Earnings Functions for the Netherlands 1962-2012

Joop Hartog and Sander Gerritsen

No 5719, CESifo Working Paper Series from CESifo

Abstract: We extract estimation results on the Mincer earnings function from four earlier studies and add new results from a recent dataset. We analyse differences related to differences in earnings concepts, in sampling frame and differences among studies that cannot be explained. Jointly, the studies show a clear U-shaped development in the rate of return to education from 1962 to 2012, with a bottom in the 1980’s. We explain this from Tinbergens’s race between suppy and demand (schooling and technology) and suggest this may be a widespread international pattern. Returns to potential experience show no marked time trend.

Keywords: returns to education; Mincer earnings equation; race supply and demand (search for similar items in EconPapers)
JEL-codes: I26 J24 J31 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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