Reconciling Theoretical and Empirical Human Capital Earnings Functions.
To interpret estimates of empirical earnings functions, and to resolve sample selection problems such as "tenure bias", the wage determination process must be specified. This paper show that an earnings function can be interpreted as a wage offer in a labour market auction in which the wor...
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| Format: | Working paper |
| Language: | English |
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Nuffield College (University of Oxford)
2000
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