Wage Bargaining and the (Dynamic) Mincer Equation

This paper shows that, if observed earnings are the result of employer-employee wage bargaining, under a set of specific assumptions, the standard static Mincer equation can be thought as a particular case of a dynamic wage equation. Particularly, we argue that the standard static Mincer equation is implicitly based on the hypothesis that the employee has full bargaining power, and provide (further) empirical evidence against this hypothesis.

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Year of publication:	2009
Authors:	Andini, Corrado
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 29.2009, 3, p. 1842-1849
Publisher:	AccessEcon
Subject:	Mincer Equation \| Return to Schooling \| Wage Bargaining

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	I2 - Education ; J3 - Wages, Compensation, and Labor Costs
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008563035