Jacob Mincer
This article needs additional citations for verification. (February 2013) |
Jacob Mincer | |
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George Borjas | |
Influences | H. Gregg Lewis |
Contributions | Idea of human capital Labour economics |
Awards | IZA Prize in Labor Economics (2002) |
Jacob Mincer (July 15, 1922 – August 20, 2006), was a father of modern
Biography
Born in Tomaszów Lubelski, Poland, in a Jewish family, Mincer survived World War II in concentration camps in Poland and Germany as a teenager. After graduating from Emory University in 1950, Mincer received his PhD from Columbia University in 1957.
Following teaching stints at
Mincer was also a member of the National Bureau of Economic Research from 1960 through his death.
Mincer died at his Manhattan home on August 20, 2006, due to complications from Parkinson's disease, according to his wife, Dr. Flora Mincer, and his daughters, Deborah Mincer (Sussman) and Carolyn Mincer.
Contributions to economic science
Mincer was considered by many to be a father of modern
During his academic career, Mincer authored four books and hundreds of journal articles, papers and essays. Mincer's ground-breaking work: Schooling, Experience and Earnings, published in 1974, used data from the 1950 and 1960 Censuses to relate income distribution in America to the varying amounts of education and on-the-job training among workers. "He calculated, for example, that annual earnings rose by 5 to 10 percent in the 1950s and 1960s for every year of additional schooling. There was a similar, although smaller, return on investment in job training—and age played a role."[3]
Mincer's work continues to have a profound impact on the field of labor economics. Papers in the field frequently use
Awards and prizes
In 1967 Mincer was elected as a
In 1991, he received an honorary doctorate from the
In recognition of his lifetime achievements in economics, Mincer was awarded the first
In 2004 Mincer received a Career Achievement Award from the Society of Labor Economists; the annual award has subsequently become known as the Mincer Award.
Mincer was never awarded a
Quotes regarding Mincer
..the decade Jacob and I spent working together was surely one of the most, if not the most exciting and fruitful in my life.
— Gary Becker, 2006[1]
The close blending of theory and data represented in Mincer's work has shaped the direction of labor economics and influenced and inspired all those who have followed him.
— David Card, 2006[3]
His very simple formulation basically fits the data for understanding how earnings are related to educational attainment in virtually every country in every time period.
— Lawrence F. Katz, 2006[3]
Selected bibliography
- Book chapters
- Mincer, Jacob (1962), "Labor force participation of married women: a study of labor supply", in Lewis, H. Greg (ed.), Aspects of labor economics, Princeton: Princeton University Press, pp. 63–105.
- Reprinted as: Mincer, Jacob (1995), "Labor force participation of married women: a study of labor supply", in ISBN 9781852788438.
- Reprinted as: Mincer, Jacob (1995), "Labor force participation of married women: a study of labor supply", in
- Mincer, Jacob; Polachek, Solomon (1995), "Family investments in human capital: earnings of women (1974)", in ISBN 9781852788438.
- Journal articles
- Mincer, Jacob; Polachek, Solomon (March–April 1974). "Family investments in human capital: earnings of women" (PDF). Journal of Political Economy. 82 (2): s76–s108. S2CID 154095476.
Notes
- ^ a b Shoshana Grossbard (ed.), Jacob Mincer, A Pioneer of Modern Labor Economics. New York: Springer, 2006.
- ^ "Remembered: Jacob Mincer, Father of Modern Labor Economics". Columbia News. September 1, 2006.
- ^ a b c Uchitelle, Louis (August 23, 2006). "Jacob Mincer, 84, Pioneer On Labor Economics, Dies". New York Times.
- ^ View/Search Fellows of the ASA Archived 2016-06-16 at the Wayback Machine, accessed 2016-08-20.