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Earnings Over the Lifecycle (Foundations and Trends (R) in Microeconomics): The Mincer Earnings Function and Its Applications

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£70.95 £67.40 £68.82 £70.24 £71.66 £73.08 £74.50 22 November 2024 05 May 2025 16 October 2025 29 March 2026 09 September 2026
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Description

While there have been a number of surveys on the Mincer earnings function, they focus heavily on econometric issues. While covering a number of econometric issues, Earnings over the Lifecycle: The Mincer Earnings Function and Its Applications focuses on the underlying economics behind the Mincer earnings function and its robustness and relevance to policy applications. Topics include verifying the consistently observed cross-sectional concavity and corroborating implications regarding earnings distribution particularly at the "overtaking" level of experience, across many countries and demographic groups. Among the policy relevant applications are how to use Mincer's theories to estimate discrimination, particularly race and gender differences in both earnings and occupational distributions. In addition, this book shows how the earnings function can be adapted to measure incomplete information in labor markets, an extension which is important in measuring the competitiveness of particular labor markets. The final part of Earnings over the Lifecycle: The Mincer Earnings Function and Its Applications explores incentive based compensation schemes. Some argue that such contract models complement human capital in explaining wages and other labor market phenomena; others argue that contract models substitute for the human capital model. The book concludes that one has to consider both types of models simultaneously in a unified framework to determine the relative merits of each.

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
16 April 2008
Listed Since
29 April 2008

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