A Dynamic Mincer Equation with an Application to Portuguese Data
Corrado Andini ()
No 2897, IZA Discussion Papers from Institute for the Study of Labor (IZA)
This paper argues in favor of a dynamic specification of the Mincer equation, where past observed earnings play the role of additional explanatory variable for current observed earnings. A dynamic approach offers an explanation why the return to schooling in terms of observed earnings is not independent of labor-market experience, as suggested by some recent empirical evidence for the United States.
Keywords: panel data; Mincer equation; return to schooling; wage level (search for similar items in EconPapers)
JEL-codes: I21 J31 C23 (search for similar items in EconPapers)
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Published in: Applied Economics, 2010, 42 (16), 2091-2098
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Journal Article: A dynamic Mincer equation with an application to Portuguese data (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp2897
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