Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128419
Authors: 
Hartog, Joop
Gerritsen, Sander
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper 5719
Abstract: 
We extract estimation results on the Mincer earnings function from four earlier studies and add new results from a recent dataset. We analyse differences related to differences in earnings concepts, in sampling frame and differences among studies that cannot be explained. Jointly, the studies show a clear U-shaped development in the rate of return to education from 1962 to 2012, with a bottom in the 1980’s. We explain this from Tinbergens’s race between suppy and demand (schooling and technology) and suggest this may be a widespread international pattern. Returns to potential experience show no marked time trend.
Subjects: 
returns to education
Mincer earnings equation
race supply and demand
JEL: 
I26
J24
J31
Document Type: 
Working Paper

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