Jacob Mincer A Pioneer of Modern Labor Economics

This volume contains essays by or about Jacob Mincer who, along with Gary Becker, is a founding father of modern empirical labor economics. His methodology analyzes the economics of the working world, and his human capital model is a fundamental tool in e

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Jacob Mincer 12/98 Credit: Photo by Alvin Ziontz

JACOB MINCER A PIONEER OF MODERN LABOR ECONOMICS

EDITED BY SHOSHANA GROSSBARD

Library of Congress Cataloging-in-Publication Data ISBN:10: 0-387-29174-1 (Printed on acid-free paper) ISBN:13: 978-0387-29174-1

e-ISBN-10: 0-387-29175-X e-ISBN-13: 978-0387-29175-8

Library of Congress Control Number: 2005932741

 2006 Springer Science+Business Media, Inc. All rights reserved. This work may not be translated or copied in whole or in part without the written permission of the publisher (Springer Science+Business Media, Inc., 233 Spring Street, New York, NY 10013, USA), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed is forbidden. The use in this publication of trade names, trademarks, service marks and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights. Printed in the United States of America. 987654321 springer.com

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JACOB MINCER A PIONEER OF MODERN LABOR ECONOMICS TABLE OF CONTENTS

‘‘Preface’’ by Shoshana Grossbard

vii

Acknowledgments

xi

PART I. JACOB MINCER IN PERSPECTIVE

1. ‘‘Some Brief Remarks on the Life and Work of Jacob Mincer’’ by James J. Heckman

3

2. ‘‘An Interview with Jacob Mincer’’ by Pedro Teixeira

7

3. ‘‘Acceptance Speech upon Receiving the First IZA Prize’’ by Jacob Mincer

19

PART II. COLUMBIA’S LABOR WORKSHOP IN THE 1960s

4. ‘‘Working with Jacob Mincer: Reminiscences of Columbia’s Labor Workshop’’ by Gary S. Becker

23

5. ‘‘Labor Economics Mincer-Style: A Personal Reflection’’ by Solomon W. Polachek

29

6. ‘‘Remarks Following the Final Session of the Conference in his Honor, Held at Columbia University on July 15, 2002’’ by Jacob Mincer

35

7. ‘‘The New Home Economics at Columbia and Chicago’’ by Shoshana Grossbard

37

v

vi Contents

PART III. JACOB MINCER ON TECHNOLOGY

8. ‘‘Technology and the Labor Market’’ by Jacob Mincer

53

PART IV. JACOB MINCER AND HUMAN CAPITAL: NEW PERSPECTIVES

9. ‘‘Proving Mincer Right: Mincer’s Overtaking Point and the Lifecycle Earnings Distribution’’ by Solomon W. Polachek

81

10. ‘‘Jacob Mincer, Experience and the Distribution of Earnings’’ by Barry R. Chiswick

109

11. ‘‘The ‘‘Mincer Equation’’ Thirty Years after Schooling, Experience, and Earnings’’ by Thomas Lemieux

127

PART V. MINCER AND THE NEW HOME ECONOMICS

12. ‘‘Jacob Mincer and Labor Supply – Before and Aftermath’’ by Reuben Gronau

149

13. ‘‘Household Production and Health’’ by Michael Grossman

161

14. ‘‘Household Production and Children’’ by Arleen A. Leibowitz

173

Appendix A: Complete List of Publications by Jacob Mincer

187

Appendix B: From the Program of the Annual Meetings of the Society of Labor Economists (SOLE), 2004

191

Biographical Sketches

193

PREFACE

BY SHOSHANA GROSSBARD

In 2