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IZA
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Jacob Mincer, Experience and the Distribution of Earnings
by
Barry R. Chiswick
(August 2003)
published in: Review of Economics of the Household, 2003, 1 (4), 343-361
Abstract:
This paper reviews Jacob Mincer’s contributions to the analyses of earnings and the
distribution of earnings through his pioneering focus on labor market experience or on-the-job
training. It begins with a brief discussion of the theoretical literature on the distribution of
earnings in the pre-Mincer period, and then discusses his analysis of human capital and
earnings developed in his 1957 doctoral dissertation and 1958 Journal of Political Economy
(JPE) article. Further analyses of on-the-job training, and in particular estimates of the rate of
return from on-the-job training, are presented in his 1962 JPE paper. The synergy between
Mincer and Becker during the 1960s is discussed, as is the development of the schoolingearnings
function by Becker and Chiswick (1966). Mincer (1974) extended this relationship
by incorporating experience to form the “human capital earnings function” in his Schooling,
Experience and Earnings (1974). Subsequent modifications, extensions, tests of robustness
and the wide applicability of the human capital earnings functions are presented.
Text: See Discussion Paper No. 847
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