Wage bargaining and the (dynamic) mincer equation

This paper shows that, if observed earnings are the result of employer-employee wage bargaining, under a set of specific assumptions, the standard static Mincer equation can be thought as a particular case of a dynamic wage equation. Particularly, we argue that the standard static Mincer equation is implicitly based on the hypothesis that the employee has full bargaining power, and provide (further) empirical evidence against this hypothesis.

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Year of publication:	2008
Authors:	Andini, Corrado
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Bildungsertrag \| Lohnverhandlungen \| Schätzung \| Spanien \| Mincer equation \| return to schooling \| wage bargaining

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Series:	IZA Discussion Papers ; 3822
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	585909660 [GVK] hdl:10419/35589 [Handle]
Classification:	I21 - Analysis of Education
Source:	EconStor

Persistent link: https://www.econbiz.de/10010269156