A dynamic Mincer equation with an application to Portuguese data

Corrado Andini

This paper argues in favor of a dynamic specification of the Mincer equation, where 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 labor-market experience, as suggested by some recent empirical evidence for the United States.

Year of publication:	2007
Other Persons:	Andini, Corrado (contributor)
Publisher:	Bonn : IZA
Subject:	Bildungsertrag \| Returns to education \| Dynamische Wirtschaftstheorie \| Economic dynamics \| Schätzung \| Estimation \| Panel \| Panel study \| Portugal \| 1994-2001

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