Numerous studies regress log earnings on schooling and report estimated coefficients as
“Mincer rates of return”. A more recent literature uses instrumental variables. This chapter …

Publisher Summary The chapter presents a survey on the economics of labor market
discrimination, motivated by two fundamental problems associated with income and wage …

Imagine each family as a kind of little factory—a multiperson unit producing meals, health,
skills, children, and self-esteem from market goods and the time, skills, and knowledge of its …

The theory of inequality and intergenerational mobility presented in this essay assumes that
each family maximizes a utility function spanning several generations. Utility depends on the …

This paper estimates the effects of school quality--measured by the pupil/teacher ratio,
average term length, and relative teacher pay--on the rate of return to education for men …

The wage differential between black and white men fell from 40 percent in 1960 to 25
percent in 1980. It has been argued that this convergence reflects improvements in the …

Self–selected migration presents one potential explanation for why observed returns to a
college education in local labor markets vary widely even though US workers are highly …

Standard estimates of the economic value of additional schooling, based on earnings
differences associated with differences in the level of schooling attained, cover only a …

In German: Einkommensverteilung: auf dem Weg zu einer neuen Einkommensgerechtigkeit,
Gabler Verlag, Wiesbaden, 1978, 172 p. In Spanish: La Distribución del Ingreso, El Manual …

Public Expenditures, Taxes, and the Distribution of Income: The United States, 1950, 1961,
1970 explores income inequality over time to a more comprehensive than usual definition of …