Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20107
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dc.contributor.authorPolachek, Solomon W.en_US
dc.date.accessioned2009-01-28T16:11:40Z-
dc.date.available2009-01-28T16:11:40Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/20107-
dc.description.abstractIn 1958 Jacob Mincer pioneered an important approach to understand earnings distribution. In the years since Mincer?s seminal work, he as well as his students and colleagues extended the original human capital model, reaching important conclusions about a whole array of observations pertaining to human wellbeing. This line of research explained why education enhances earnings; why earnings rise at a diminishing rate throughout one?s life; why earnings growth is smaller for those anticipating intermittent labor force participation; whymen earn more than women; why whites earn more than blacks; why occupationaldistributions differ by gender; why geographic and job mobility predominate among the young; why unemployment is lower among the skilled; and why numerous other labor market phenomena occur. This paper surveys the answers to these and other questions based on research emanating from Mincer?s original discovery. In addition, this paper provides new empirical evidence regarding Mincer?s concept of the ?overtaking age? – a topic not currently well explored in the literature. In this latter vein, the paper shows that Mincer?s original findingof a U-shaped (log) variance of earnings over the life cycle is upheld in recent data, both for the U.S. as well as at least seven other countries.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion paper series |x865en_US
dc.subject.jelJ6en_US
dc.subject.jelJ31en_US
dc.subject.jelJ7en_US
dc.subject.jelB31en_US
dc.subject.jelJ41en_US
dc.subject.jelJ24en_US
dc.subject.jelD31en_US
dc.subject.jelB20en_US
dc.subject.jelJ33en_US
dc.subject.ddc330en_US
dc.subject.keywordhuman capitalen_US
dc.subject.keywordearningsen_US
dc.subject.keywordovertaking ageen_US
dc.subject.keywordwellbeingen_US
dc.subject.keywordMinceren_US
dc.subject.stwVerteilungstheorieen_US
dc.subject.stwArbeitsmarkttheorieen_US
dc.subject.stwHumankapitalen_US
dc.subject.stwLebenseinkommenen_US
dc.subject.stwTheorieen_US
dc.titleMincer's Overtaking Point and the Lifecycle Earnings Distributionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn368844498en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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