EDUCATION 1. Write down the human capital earnings function (i.e., the Mincer equation). Make sure toclearly specify the meaning of each variable. 2. Why the estimates from the Mincer equation may not be interpreted as the causal effect ofeducation on earnings?
EDUCATION 1. Write down the human capital earnings function (i.e., the Mincer equation). Make sure toclearly specify the meaning of each variable. 2. Why the estimates from the Mincer equation may not be interpreted as the causal effect ofeducation on earnings?
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST8: Earnings Differences Between Men And Women
Section: Chapter Questions
Problem 1CQ
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Question
EDUCATION
1. Write down the human capital earnings function (i.e., the Mincer equation). Make sure to
clearly specify the meaning of each variable.
2. Why the estimates from the Mincer equation may not be interpreted as the causal effect of
education on earnings?
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