Mincer earnings function

GPTKB entity

Statements (16)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo empirical labor studies
gptkbp:assumes log-linear relationship
gptkbp:describes relationship between earnings and schooling
relationship between earnings and work experience
gptkbp:field labor economics
gptkbp:form ln(wage) = β0 + β1*schooling + β2*experience + β3*experience^2 + ε
https://www.w3.org/2000/01/rdf-schema#label Mincer earnings function
gptkbp:influenced human capital theory
gptkbp:introducedIn 1974
gptkbp:namedAfter gptkb:Jacob_Mincer
gptkbp:publishedIn gptkb:Schooling,_Experience,_and_Earnings
gptkbp:usedFor analyzing wage differentials
estimating returns to education
gptkbp:bfsParent gptkb:Jacob_Mincer
gptkbp:bfsLayer 6