A dynamic Mincer equation with an application to Portuguese data
This article argues in favour of a dynamic specification of the Mincer equation, where the 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 labour-market experience, as suggested by some recent empirical evidence for the United States.
Volume (Year): 42 (2010)
Issue (Month): 16 ()
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