A dynamic Mincer equation with an application to Portuguese data
Abstract:This article argues in favour of a dynamic specification of the Mincer equation, where the 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 labour-market experience, as suggested by some recent empirical evidence for the United States.
Document Type: Research Article
Affiliations: Universidade da Madeira and CEEAplA, 9000-390 Funchal, Portugal
Publication date: 2010-06-01