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Corrado Andini
''Wage Bargaining and the (Dynamic) Mincer Equation''
( 2009, Vol. 29 No.3 )
This paper shows that, if observed earnings are the result of employer-employee wage bargaining, under a set of specific assumptions, the standard static Mincer equation can be thought as a particular case of a dynamic wage equation. Particularly, we argue that the standard static Mincer equation is implicitly based on the hypothesis that the employee has full bargaining power, and provide (further) empirical evidence against this hypothesis.
Keywords: Mincer Equation, Return to Schooling, Wage Bargaining
JEL: I2 - Education: General
J3 - Wages, Compensation, and Labor Costs: General
Manuscript Received : Jul 23 2009 Manuscript Accepted : Jul 29 2009

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