Chiswick, Barry R. - 2023 - Revised 11/30/2023
return to schooling and labor market experience. It begins with a presentation of Adam Smith's (1776) analysis of wage … function" (HCEF), which added years of post-school labor market experience. Attractive features of the HCEF are discussed …. Extensions of the HCEF in the 1970s and early 1980s account for interrupted labor marker experience, geographic mobility, and …