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Jacob Mincer, Experience and the Distribution of Earnings

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Author Info
Chiswick, Barry R. () (University of Illinois at Chicago and IZA Bonn)

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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.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 847.

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Length: 41 pages
Date of creation: Aug 2003
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Handle: RePEc:iza:izadps:dp847

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Related research
Keywords: human capital labor market experience earnings income distribution Jacob Mincer

Other versions of this item:

Find related papers by JEL classification:
B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Haley, William J, 1973. "Human Capital: The Choice Between Investment and Income," American Economic Review, American Economic Association, vol. 63(5), pages 929-44, December. [Downloadable!] (restricted)
  2. Psacharopoulos, George & Patrinos, Harry Anthony, 2002. "Returns to investment in education : a further update," Policy Research Working Paper Series 2881, The World Bank. [Downloadable!]
    Other versions:
  3. Chiswick, Barry R, 1978. "The Effect of Americanization on the Earnings of Foreign-born Men," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 897-921, October. [Downloadable!] (restricted)
  4. Chiswick, Barry R, 1991. "Speaking, Reading, and Earnings among Low-Skilled Immigrants," Journal of Labor Economics, University of Chicago Press, vol. 9(2), pages 149-70, April. [Downloadable!] (restricted)
  5. Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66, pages 281. [Downloadable!] (restricted)
  6. Chiswick, Barry R, 1988. "Differences in Education and Earnings across Racial and Ethnic Groups: Tastes, Discrimination, and Investments in Child Quality," The Quarterly Journal of Economics, MIT Press, vol. 103(3), pages 571-97, August. [Downloadable!] (restricted)
  7. Mincer, Jacob & Polachek, Solomon, 1974. "Family Investment in Human Capital: Earnings of Women," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages S76-S108, Part II, . [Downloadable!] (restricted)
  8. Mincer, Jacob, 1970. "The Distribution of Labor Incomes: A Survey with Special Reference to the Human Capital Approach," Journal of Economic Literature, American Economic Association, vol. 8(1), pages 1-26, March. [Downloadable!] (restricted)
  9. Chiswick, Carmel U & Lehrer, Evelyn L, 1990. "On Marriage-Specific Human Capital: Its Role as a Determinant of Remarriage," Journal of Population Economics, Springer, vol. 3(3), pages 193-213, October.
  10. Shoshana Grossbard-Shechtman, 2001. "The New Home Economics At Colombia And Chicago," Feminist Economics, Taylor and Francis Journals, vol. 7(3), pages 103-130, November. [Downloadable!] (restricted)
  11. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 70, pages 9. [Downloadable!] (restricted)
  12. Rosen, Sherwin, 1992. "Distinguished Fellow: Mincering Labor Economics," Journal of Economic Perspectives, American Economic Association, vol. 6(2), pages 157-70, Spring. [Downloadable!] (restricted)
  13. James J. Heckman & Lance J. Lochner & Petra E. Todd, 2003. "Fifty Years of Mincer Earnings Regressions," NBER Working Papers 9732, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  14. Murphy, Kevin M & Welch, Finis, 1990. "Empirical Age-Earnings Profiles," Journal of Labor Economics, University of Chicago Press, vol. 8(2), pages 202-29, April. [Downloadable!] (restricted)
  15. Leibowitz, Arleen S, 1976. "Years and Intensity of Schooling Investment," American Economic Review, American Economic Association, vol. 66(3), pages 321-34, June. [Downloadable!] (restricted)
  16. Chiswick, Carmel U, 1983. "Analysis of Earnings from Household Enterprises: Methodology and Application to Thailand," The Review of Economics and Statistics, MIT Press, vol. 65(4), pages 658-62, November. [Downloadable!] (restricted)
  17. Milton Friedman, 1953. "Choice, Chance, and the Personal Distribution of Income," Journal of Political Economy, University of Chicago Press, vol. 61, pages 277. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Filipe Almeida-Santos & Karen Mumford, 2006. "Employee Training, Wage Dispersion and Equality in Britain," IZA Discussion Papers 2276, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  2. Karen Mumford & Peter N Smith, . "The Gender Earnings Gap in Britain," Discussion Papers 04/05, Department of Economics, University of York. [Downloadable!]
    Other versions:
  3. Concetta, MENDOLICCHIO, 2006. "A Disaggregate Analysis of Private Returns to Education in Italy," Université catholique de Louvain, Département des Sciences Economiques Working Paper 2006054, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
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