Empirical evidence on the functional form of the earnings-schooling relationship

James Heckman; Solomon Polachek

doi:10.1080/01621459.1974.10482952

Empirical evidence on the functional form of the earnings-schooling relationship

James Heckman
, Solomon Polachek

Economics

Binghamton University

The University of Chicago
Columbia University
National Bureau of Economic Research

Research output: Contribution to journal › Article › peer-review

141 Scopus citations

Abstract

This article presents empirical evidence on the correct functional form of the regression relationship between earnings as regressand and schooling and experience as regressors. Evidence from several bodies of data suggests that among simple transformations the natural logarithm of earnings is the correct dependent variable while the best simple specification of the regressors is one advanced by Jacob Mincer on theoretical grounds.

Original language	English
Pages (from-to)	350-354
Number of pages	5
Journal	Journal of the American Statistical Association
Volume	69
Issue number	346
DOIs	https://doi.org/10.1080/01621459.1974.10482952
State	Published - Jun 1974

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10.1080/01621459.1974.10482952

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title = "Empirical evidence on the functional form of the earnings-schooling relationship",

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AB - This article presents empirical evidence on the correct functional form of the regression relationship between earnings as regressand and schooling and experience as regressors. Evidence from several bodies of data suggests that among simple transformations the natural logarithm of earnings is the correct dependent variable while the best simple specification of the regressors is one advanced by Jacob Mincer on theoretical grounds.

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DO - 10.1080/01621459.1974.10482952

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Empirical evidence on the functional form of the earnings-schooling relationship

Abstract

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