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Wage Determinants: A Survey and Reinterpretation of Human Capital Earnings Functions
- In Handbook of Labor Economics
, 1986
"... This chapter provides a survey and exposition of the development of the earnings function as an empirical tool for the analysis of the determinants of wage rates. Generically, the term "earnings function " has come to mean any regression of individual wage rates or earnings on a vector of ..."
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Cited by 219 (0 self)
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This chapter provides a survey and exposition of the development of the earnings function as an empirical tool for the analysis of the determinants of wage rates. Generically, the term "earnings function " has come to mean any regression of individual wage rates or earnings on a vector
Earnings Functions and Rates of Return
- Journal of Human Capital
, 2008
"... The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit ..."
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Cited by 58 (14 self)
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The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit
Amenities and the Labor Earnings Function
"... Desirable locations are, other things equal, expected to be characterized by a mix of higher rents or lower wages. That is, if one area is more attractive than others, in-migration would occur, driving up the demand for land (hence raising rents) and increasing the supply of labor (hence lowering wa ..."
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wages). The in-movement will continue until utility is the same across locations in equilibrium. Failing to hold constant ameni-ties in the traditional earnings functions employed by labor economists will result, then, in omitted-variable bias if worker characteristics (years of schooling, union member
EARNINGS FUNCTIONS AND RATES OF RETURN
, 2008
"... The views expressed here do not necessarily reflect those of the Geary Institute. ..."
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The views expressed here do not necessarily reflect those of the Geary Institute.
Neighbors as Negatives: Relative Earnings and Well-Being
- Quarterly Journal of Economics
, 2005
"... This paper investigates whether individuals feel worse off when others around them earn more. In other words, do people care about relative position, and does “lagging behind the Joneses ” diminish well-being? To answer this question, I match individual-level data containing various indicators of we ..."
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Cited by 426 (7 self)
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that this association is not driven by selection or by changes in the way people define happiness. There is suggestive evidence that the negative effect of increases in neighbors ’ earnings on own well-being is most likely caused by interpersonal preferences, that is, people having utility functions that depend
FACTORS OF THE EARNING FUNCTIONS AND THEIR INFLUENCE ON THE INTELLECTUAL CAPITAL OF AN ORGANIZATION
"... Abstract: This paper tries to consider some earning function as “start point ” for the construction of indicators for intellectual capital measure. The analyze combines concepts from Mincer’s and Becker theories and intellectual capital definitions currently in use. The correlation, significance and ..."
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Cited by 1 (0 self)
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Abstract: This paper tries to consider some earning function as “start point ” for the construction of indicators for intellectual capital measure. The analyze combines concepts from Mincer’s and Becker theories and intellectual capital definitions currently in use. The correlation, significance
Investor psychology and security market under- and overreactions
- Journal of Finance
, 1998
"... We propose a theory of securities market under- and overreactions based on two well-known psychological biases: investor overconfidence about the precision of private information; and biased self-attribution, which causes asymmetric shifts in investors ’ confidence as a function of their investment ..."
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Cited by 698 (43 self)
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We propose a theory of securities market under- and overreactions based on two well-known psychological biases: investor overconfidence about the precision of private information; and biased self-attribution, which causes asymmetric shifts in investors ’ confidence as a function of their investment
Earnings Function, Long-run Growth
"... After a long, dormant period, recent attention has turned to a variety of measurement issues surrounding the concept of human capital. The traditional approach of rely entirely on measures of school attainment, while convenient, is almost certainly misleading. The availability of cognitive skills me ..."
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measures greatly improves on these measurements, but there remains also concern about other unmeasured factors, including noncognitive skills. This paper considers alternative approaches to assessing the role of human capital on individual earnings and on economic growth.
Reconciling Theoretical and Empirical Human Capital Earnings Functions
, 2000
"... 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 shows that an earnings function can be interpreted as a wage offer in a labour market auction in which the wo ..."
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Cited by 1 (0 self)
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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 shows that an earnings function can be interpreted as a wage offer in a labour market auction in which
Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond
- IZA DISCUSSION PAPER NO.1700
, 2005
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