Mincer Earnings Functions for the Netherlands 1962-2012

21 Pages Posted: 4 Mar 2016

See all articles by Joop Hartog

Joop Hartog

University of Amsterdam - Faculty of Economics and Business (FEB); Tinbergen Institute; CESifo (Center for Economic Studies and Ifo Institute); IZA Institute of Labor Economics

Sander Gerritsen

CPB Netherlands Bureau of Economic Policy Analysis

Date Written: January 26, 2016

Abstract

We extract estimation results on the Mincer earnings function from four earlier studies and add new results from a recent dataset. We analyse differences related to differences in earnings concepts, in sampling frame and differences among studies that cannot be explained. Jointly, the studies show a clear U-shaped development in the rate of return to education from 1962 to 2012, with a bottom in the 1980’s. We explain this from Tinbergens’s race between supply and demand (schooling and technology) and suggest this may be a widespread international pattern. Returns to potential experience show no marked time trend.

Keywords: returns to education, Mincer earnings equation, race supply and demand

JEL Classification: I260, J240, J310

Suggested Citation

Hartog, Joop and Gerritsen, Sander, Mincer Earnings Functions for the Netherlands 1962-2012 (January 26, 2016). CESifo Working Paper Series No. 5719. Available at SSRN: https://ssrn.com/abstract=2741565

Joop Hartog (Contact Author)

University of Amsterdam - Faculty of Economics and Business (FEB) ( email )

Roetersstraat 11
Amsterdam, 1018 WB
Netherlands

Tinbergen Institute

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Sander Gerritsen

CPB Netherlands Bureau of Economic Policy Analysis ( email )

P.O. Box 80510
2508 GM The Hague, 2585 JR
Netherlands

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