Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148503
Authors: 
Patrinos, Harry Anthony
Year of Publication: 
2016
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2016 [Issue:] 278
Abstract: 
The Mincer equation—arguably the most widely used in empirical work—can be used to explain a host of economic, and even non-economic, phenomena. One such application involves explaining (and estimating) employment earnings as a function of schooling and labor market experience. The Mincer equation provides estimates of the average monetary returns of one additional year of education. This information is important for policymakers who must decide on education spending, prioritization of schooling levels, and education financing programs such as student loans.
Subjects: 
human capital
labor market experience
earnings
income distribution
Jacob Mincer
JEL: 
J13
J16
J21
J22
P23
P52
Persistent Identifier of the first edition: 
Document Type: 
Article

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