Jacob Mincer, Experience and the Distribution of Earnings

Barry Chiswick

No 847, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper reviews Jacob Mincer’s contributions to the analyses of earnings and the distribution of earnings through his pioneering focus on labor market experience or on-the-job training. It begins with a brief discussion of the theoretical literature on the distribution of earnings in the pre-Mincer period, and then discusses his analysis of human capital and earnings developed in his 1957 doctoral dissertation and 1958 Journal of Political Economy (JPE) article. Further analyses of on-the-job training, and in particular estimates of the rate of return from on-the-job training, are presented in his 1962 JPE paper. The synergy between Mincer and Becker during the 1960s is discussed, as is the development of the schoolingearnings function by Becker and Chiswick (1966). Mincer (1974) extended this relationship by incorporating experience to form the “human capital earnings function” in his Schooling, Experience and Earnings (1974). Subsequent modifications, extensions, tests of robustness and the wide applicability of the human capital earnings functions are presented.

Keywords: labor market experience; earnings; human capital; income distribution; Jacob Mincer (search for similar items in EconPapers)
JEL-codes: B21 D31 J24 J31 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2003-08
New Economics Papers: this item is included in nep-hpe, nep-lab and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

Published - published in: Review of Economics of the Household, 2003, 1 (4), 343-361

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Related works:
Chapter: Jacob Mincer, Experience and the Distribution of Earnings (2006)
Journal Article: Jacob Mincer, Experience and the Distribution of Earnings (2003)
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