The Experience-Earnings Profile in Australia.
This paper investigates the 'goodness-of-fit' and effect on estimates of the experience-earnings profile of alternative specifications of the human capital earnings function for a sample of full-time male workers in Australia. It is concluded that it is difficult to differentiate between specifications of the earnings function that include a cubic experience term, cubic plus quartic experience terms, or a linear spline function in experience--each of these specifications appears to marginally dominate the quadratic specification and a nonparametric approach. A modified Gompertz function is found to perform poorly. Copyright 1994 by The Economic Society of Australia.
Year of publication: |
1994
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Authors: | Borland, Jeff ; Suen, Anthony |
Published in: |
The Economic Record. - Economic Society of Australia - ESA, ISSN 1475-4932. - Vol. 70.1994, 208, p. 44-55
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Publisher: |
Economic Society of Australia - ESA |
Saved in:
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