Search results for "Mincer’s earnings function"

Modeling Return to Education in Heterogeneous Populations: An Application to Italy

2019

The Mincer human capital earnings function is a regression model that relates individual’s earnings to schooling and experience. It has been used to explain individual behavior with respect to educational choices and to indicate productivity on a large number of countries and across many different demographic groups. However, recent empirical studies have shown that often the population of interest embed latent homogeneous subpopulations, with different returns to education across subpopulations, rendering a single Mincer’s regression inadequate. Moreover, whatever (concomitant) information is available about the nature of such a heterogeneity, it should be incorporated in an appropriate ma…