Reconciling Theoretical and Empirical Human Capital Earnings Functions.

To interpret estimates of empirical earnings functions, and to resolve sample selection problems such as "tenure bias", the wage determination process must be specified. This paper show that an earnings function can be interpreted as a wage offer in a labour market auction in which the worker accepts the highest offer received.

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Year of publication:	2000
Authors:	Stevens, M.
Institutions:	Economics Group, Nuffield College, University of Oxford
Subject:	WAGES \| HUMAN CAPITAL

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Series:	Economics Papers.
Type of publication:	Book / Working Paper
Notes:	25 pages
Classification:	J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005549188