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ON DOGMATISM IN HUMAN CAPITAL THEORY .
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- Author(s): Blinder, Alan S.1
- Source:
Journal of Human Resources. Winter76, Vol. 11 Issue 1, p8-22. 15p.
- Subject Terms:
- Additional Information
- Abstract:
Presents the views of the author on the criticism received by his paper on wage discrimination. Every scholar in the fields of human capital or income distribution is indebted to Jacob Mincer for his pioneering work in integrating these two branches of economic theory. His contributions have been so forceful and original that there is now a danger that he may have succeeded too well, that the lessons he has taught us are hardening into dogma. In particular Rosenzweig and Morgan seem to accept without question a specific functional form developed by Mincer. Rosenzweig and Morgan report on some of their own empirical work in which they use the two alternative specifications on a set of data different from mine and find that the schooling coefficient for white men is about the same in each specification, but the schooling coefficient for white women is substantially higher in the Mincer version. They conclude from this that I underestimate the returns to education for women and correspondingly overestimate the extent of discrimination.