WorldCat Identities

Mincer, Jacob 1922-2006

Works: 95 works in 392 publications in 2 languages and 4,698 library holdings
Genres: Bibliography 
Roles: Author, Editor, Honoree, Author of introduction
Classifications: HC110.I5, 339.4
Publication Timeline
Most widely held works by Jacob Mincer
Schooling, experience, and earnings by Jacob Mincer( Book )

12 editions published between 1974 and 2004 in English and held by 708 WorldCat member libraries worldwide

The author, a pioneering researcher on investment in human capital, presents a seminal attempt at a systematic analysis of personal income distribution. The framework is a human capital model based upon the aggregate earnings distribution of white, male, urban workers and the net investments in human capital among these workers. Schooling and post-school investment are designated as the two principal elements of human capital; when specific measures of post-school investment are unavailable, experience (estimated from age and the length of schooling) is used. In the theoretical section, the author demonstrates that years of experience rather than age should be emphasized in interpreting earnings variations. Educational differences of the random group of white, male, urban workers accounted for only seven percent of the earnings differential. Mincer shows empirically that schooling has more explanatory power for groups with constant years of experience than for groups of the same age, and that the explanatory power is at its peak for groups with seven to nine years of experience. The author finds further confirmation of experience over age in the data on female earnings. Suggestions for future research are the inclusion of females, blacks, older people, and nonurban people and the inclusion of nonemployment income. (Author/EA)
Economic forecasts and expectations : analyses of forecasting behavior and performance by National Bureau of Economic Research( Book )

17 editions published in 1969 in English and held by 697 WorldCat member libraries worldwide

Five essays deal with recorded expectational and forecasting data, which provide an opportunity for substantive and methodological inquiry into the basic questions on the formation and accuracy fo economic expectations
Studies in human capital by Jacob Mincer( Book )

18 editions published in 1993 in English and Undetermined and held by 162 WorldCat member libraries worldwide

Education and unemployment by Jacob Mincer( Book )

11 editions published between 1989 and 1991 in English and held by 153 WorldCat member libraries worldwide

A major benefit of education is the lower risk of unemployment at higher educational levels. In PSID (Panel Study of Income Dynamics) data on the male labor force1 the reduction of the incidence of unemployment is found to be far more important than the reduced duration of unemployment in creating the educational differentials in unemployment rates. In turn, the lesser unemployment incidence of the more educated workers is, in about equal measure, due to their greater attachment to the firms employing them, and to the lesser risk of becoming unemployed when separated from the firm. The lesser frequency of job turnover of more educated workers, which creates fewer episodes of unemployment, is in large part attributable to more on-the-job training. In explaining the lesser conditional unemployment of educated workers and the somewhat shorter duration of their unemployment, indirect evidence is provided that (1) costs of on-the-job search for new employment relative to costs of searching while unemployed are lower for more educated workers; (2) that these workers are also more efficient in acquiring and processing job search information; and (3) that firms and workers search more intensively to fill more skilled vacancies
Education and unemployment of women by Jacob Mincer( Book )

13 editions published between 1990 and 1991 in English and held by 151 WorldCat member libraries worldwide

The more education, the less unemployment of women; this relationship is as strong as it is in the male labor force. The channel through which this relation arises is also the same, namely, labor turnover, almost half of which involves unemployment. However, the relation between education and turnover is mediated largely by educational differences in on-the-job training among men, while educational differences in labor force attachment are the main source of turnover differences among women. This is because levels of educational differences in on-the-job (in-house) training are small among women, while nonparticipation in the labor market and educational differences in it are quite small among men. Educational differences in the duration of unemployment are negligible among women, though they are observable, if small, among men. Recent growth in women's work attachment has reduced their inter-labor force turnover and their unemployment rate to the point of eliminating the sex differential. On-the-job training of women appears to have increased, though it still remains skimpy
Job training : costs, returns, and wage profiles by Jacob Mincer( Book )

8 editions published in 1989 in English and held by 146 WorldCat member libraries worldwide

Abstract: training costs were estimated from wage functions fitted to PSID data. In 1976 the direct
Studies in labor supply by Jacob Mincer( Book )

22 editions published between 1993 and 2001 in 3 languages and held by 146 WorldCat member libraries worldwide

Ben shu shi zuo zhe yun yong ren li zi ben li lun yu fang fa yan jiu lao dong gong gei wen ti de yi bu wen ji, shou ji le zuo zhe zi 60 nian dai chu yi lai guan yu zhe yi zhu ti suo fa biao de shi ji pian you dai biao xing de lun wen, fan ying xian dai ren li zi ben li lun de fa zhan yu ying yong guo cheng
Investment in U.S. education and training by Jacob Mincer( Book )

15 editions published between 1993 and 2000 in English and held by 113 WorldCat member libraries worldwide

The current high rates of return to human capital stimulate a supply response via increased investments in education and training. The so increased human capital stock exerts downward pressures on the rates of return that reduce the skill differential in wages. This paper reports estimates of: the responses of investments in post-secondary education, measured by enrollments, to changes in the rate of return; responses of investment in job training, measured by incidence; and effects of accumulated human capital stocks, measured by educational attainment, on educational wage differentials. Enrollment responses and attainment effects are shown to be separated by a time lag of about a decade. The parameter estimates are based on annual CPS and NCES data, covering a recent 25 year period. If demands for human capital cease their acceleration, the rate of return is expected to decline about 25% over the current decade, judging by the estimated parameters and lags
Changes in wage inequality, 1970-1990 by Jacob Mincer( Book )

18 editions published in 1996 in English and held by 109 WorldCat member libraries worldwide

Differences in wages between skill groups declined in the 1970's and rose in the 1980's, but aggregate wage inequality grew throughout the period. This divergence remains a puzzle in recent studies of U.S. wage inequality. In this paper the sometimes divergent paths of inter-group and intra-group inequality are explained by the human capital approach. In it, wages are the return on cumulated human capital investments. In turn, interpersonal distributions of investments and of marginal rates of return on them are determined by individual supply and demand curves. Recent studies have shown that relative growth of human capital supply in the 1970's and of demand in the 1980's generated the U-shaped time pattern of (differentials. Argument and evidence in this paper show that a widening of dispersion among individual demand curves started in the 1970's and generated a continuous expansion of (group demand curves reflects a growing skill bias in the demand for labor. Aggregate inequality grew throughout the period because within group inequality accounts for the larger part of total inequality. The data also indicate that wage inequality grew in the face of stability in the dispersion of human capital and despite the likely decline in inequality of opportunity, as reflected in the decline in dispersion among supply curves
The production of human capital and the lifecycle of earnings : variations on a theme by Jacob Mincer( Book )

13 editions published in 1994 in English and held by 104 WorldCat member libraries worldwide

After a brief summary of Ben Porath's 1967 model approach, I enquire into the empirical validity and some implications of his insights. Section 2 is an attempt to answer the question: Are the shapes and magnitudes of growth in wage profiles largely attributable to human capital investments? Section 3 tests the proposition that over the working age capacity wages (i.e. wages before netting out investment) decline before observed wages do. Implied timing of labor supply provides the test. The findings shed light on developments in the U.S. labor market in the past several decades. In section 4 some implications are drawn from Ben Porath's model for interpersonal differences and historical changes in life-cycle human capital investments. The positive correlation between schooling and training, predicted by the model is found in cross-sections. It also shows up in parallel movements in schooling and training in the 1980's as the demand for human capital increased. Once again, observed U.S. patterns are highlighted
Technology, unemployment, and inflation by Jacob Mincer( Book )

14 editions published in 2000 in English and held by 101 WorldCat member libraries worldwide

We explore the response of employment (unemployment) skill differentials to skill-biased shifts in demand touched off by the new and spreading technologies. We find that skill differentials in unemployment follow at least in part the same pattern as skill differentials in wages: They widen initially but decline after a roughly 5-year lag, allowing time for training and learning to handle the new technologies. In the micro (PSID) cross-section the differentials show up as sectoral differences defined by technology. In the aggregate time series relative unemployment is defined by educational unemployment differentials. We find that the pace and turnaround in the unemployment gap' is twice as fast as in the wage gap'. Apparently, the hiring and training response is quicker than the wage response. We also observe in time series that the pace of technology has unclear effects on aggregate unemployment in the short run, but appears to reduce it in the longer run. In addition to technology, maturing of the workforce, and growth of international trade reduce unemployment in the longer run. The same variables also significantly reduce inflation in both the short and long run. Given the actual changes in these factors in the early 90's we are able to predict a little over a half of the decline in unemployment and about 70% of the reduction in inflation in the latter half of the last decade
The collected essays of Jacob Mincer by Jacob Mincer( Book )

7 editions published in 1993 in English and held by 92 WorldCat member libraries worldwide

Wage structures and labor turnover in the U.S. and in Japan by Jacob Mincer( )

11 editions published between 1987 and 1989 in English and held by 77 WorldCat member libraries worldwide

The starting point of this study is the proposition that intensive formation of human capital on the job is the basic proximate reason for the strong degree of worker attachment to the firm in Japan. The greater emphasis on training and retraining, much of it specific to the firm, results also in steeper wage trajectories, due to growth of skills in the firm. We explore this insight more thoroughly by a detailed use of micro-data for the two countries: We measure wage profiles and turnover in age groups, and we test the inverse relation between the two on industry sectors within each of the countries. Using productivity growth indexes for industries in the U.S. and in Japan we test the hypothesis that rapid technical change which induces greater and continuous training, is responsible for steeper profiles, hence indirectly for lesser turnover. The hypothesis is confirmed on the sectoral level in both countries. Finally, we try to standardize for the cultural background of workers, by observing a sample of Japanese plants in the U.S. which employ American workers, and use Japanese labor policies in recruitment and training. We find that the steeper tenure-wage slopes and lower turnover place this sample closer to Japan than to the U.S
Progress in human capital analysis of the distribution of earnings by Jacob Mincer( )

7 editions published between 1974 and 1975 in English and held by 73 WorldCat member libraries worldwide

The traditional studies of income distribution, a field with which economists are becoming increasingly concerned, must be described as basically sociological. The ascendancy of the human capital approach can be viewed as a reaction of economists to this non-economic, though certainly not irrelevant, tradition. In stressing the role played by individual and family optimizing decisions in human capital investments, important aspects of income determination are brought back within the mainstream of economic theory and within the power of its analytical and econometric tools. Human capital is not the only element of choice in the analysis of income distribution . Nevertheless, it appears that the subject of human capital investments lends itself to a more systematic and comprehensive analysis of wage differentials, than each of the other factors. The following is a description of research in the distribution of labor incomes in which human capital theory serves as an organizing principle. It is, in part, a sequel to my 1970 survey and, in part, a report of ongoing research of my own and of others
Unemployment effects of minimum wages by Jacob Mincer( )

5 editions published in 1974 in English and held by 73 WorldCat member libraries worldwide

Empirical investigation of employment effects of minimum wage legislation is a subject of continuing interest, judging by a growing number of studies. The older studies were concerned mainly with changes in employment in low-wage industries. In the more recent work, attention has shifted to effects on unemployment in low-wage demographic groups, such as teenagers. Despite the statistical difference there is no apparent recognition of a conceptual as well as substantive distinction between minimum wage effects on employment and those on unemployment. The purpose of this paper is to explore the analytical distinction between employment and unemployment effects in the hope of providing some understanding of the observations. Though related empirical work is far from being definitive the findings appear to be informative
Human capital responses to technological change in the labor market by Jacob Mincer( Book )

12 editions published in 1989 in English and held by 72 WorldCat member libraries worldwide

Abstract: 1968 to 1983 period. The findings show relative increases both in quantity
Human capital, technology, and the wage structure : what do time series show? by Jacob Mincer( )

7 editions published in 1991 in English and held by 67 WorldCat member libraries worldwide

The major purpose of this study was to detect effects of technologically based changes in demand for human capital on the educational and experience wage structure in annual CPS data, 1963 to 1987. Major findings are: 1. Year-to-year educational wage differentials are quite closely tracked by relative supplies of young graduates, and by indexes of relative demand, such as research and development (R & D) expenditures per worker, and ratios of service to goods employment. Of these, R and D indexes account for most of the explanatory power. Indexes of (Jorgenson type) productivity growth and of international competition are significant as alternatives, but show weaker explanatory power. 2. The observed steepening of experience profiles of wages is explained, in part, by changes in relative demographic supplies (cohort effects), and in part by the growing profitability of human capital which extends to that acquired on the job. Evidence appears in the significance of profitability variables or in demand factors underlying them, given the relative demographic supplies in the wage profile equations
Job training, wage growth, and labor turnover by Jacob Mincer( )

8 editions published in 1988 in English and held by 67 WorldCat member libraries worldwide

Using explicit information on timing and duration of job training in panels of PSID men, I find negative effects of training on turnover and positive effects on wage growth in the firm and over longer periods (1968 to 1983). Wages of trainees grow 4-6% faster per year over periods of training compared to other workers or periods. Wage trajectories in the firm and across firms over longer periods are steeper for workers who engage in more training. These results are explainable by a positive correlation between general and firm-specific components of training. So is the apparent paradox that frequent movers' wages grow less in the long run than those of less frequent movers (stayers), despite wage gains in moving. Mobility wage gains are reduced by worker investment in training in the new firm. These mobility (search and matching) gains appear to contribute to job attachment in the presence of such investments
Effect of minimum wages on human capital formation by Jacob Mincer( )

4 editions published in 1980 in English and held by 63 WorldCat member libraries worldwide

The hypothesis that minimum wages tend to discourage on the job training is largely supported by our empirical analysis. Direct effects on reported job training and corollary effects on wage growth as estimated in microdata of the National Longitudinal Samples (NLS) and Michigan Income Dynamics (MID) are consistently negative and stronger at lower education levels. Apart from a single exception, no effects are observable among the higher wage group whose education exceeds high school. The effects on job turnover are: a decrease in turnover among young NLS whites, but an increase among young NLS blacks and MID whites. Whether these apparently conflicting findings on turnover reflect a distinction between short and long run adjustments in jobs is a question that requires further testing
Interrupted work careers by Jacob Mincer( )

4 editions published in 1980 in English and held by 62 WorldCat member libraries worldwide

The quantitative effects and even the existence of "human capital depreciation" phenomena has been a subject of controversy in the recent literature. Prior work, however, was largely cross-sectional and theiotgitudina1 dimension, if any, was retrospective. Using longitudinal panel data (on married women in NLS) we have now established that real wages at reentry are, indeed, lower than. at the point of labor force withdrawal, and the decline in wages is bigger the longer the interruption. Another striking finding is a relatively rapid growth in wages after the return to work. This rapid growth appears to reflect the restoration (or "repair") of previously eroded human capital. The phenomenon of "depreciation" and "restoration" is also visible in data for immigrants to the United States. However, while immigrants eventually catch up with and often surpass natives, returnees from the non-market never fully restore their earnings potential
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Jacob Mincer : a founding father of modern labor economicsEarnings over the life cycle : the Mincer earnings function and its applicationsThe founding father of modern labor economics
Alternative Names
Jacob Mincer economist american

Jacob Mincer economista estadounidense

Jacob Mincer economista estatunidenc

Jacob Mincer économiste

Jacob Mincer econoom uit Tweede Poolse Republiek (1922-2006)

Jacob Mincer konömavan Lamerikänik

Jacob Mincer US-amerikanischer Wirtschaftswissenschaftler

Jacob Mincer usona ekonomikisto

Mincer, J.

Mincer, Jacob 1920-2006

Минсер, Джейкоб

Якоб Минцер

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English (248)

Chinese (3)