How well does a dynamic Mincer equation fit NLSY data? Evidence based on a simple wage-bargaining model

This article argues that a dynamic Mincer equation can be seen as the solution of a simple wage-bargaining model between a worker and an employer where the unemployment-benefit level, affecting the outside option of the worker, depends on past wages. Further, it shows that this model provides a good fit of the US National Longitudinal Survey of Youth data. The evidence is robust to a number of sensitivity checks. Copyright Springer-Verlag 2013

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Year of publication:	2013
Authors:	Andini, Corrado
Published in:	Empirical Economics. - Department of Economics and Finance Research and Teaching. - Vol. 44.2013, 3, p. 1519-1543
Publisher:	Department of Economics and Finance Research and Teaching
Subject:	Mincer equation \| Wages \| Human capital \| Bargaining

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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