- 384 Downloads
This chapter introduces the concept of scale as it is used in other disciplines, as an indicator of magnitude. It shows how economists can utilize this concept to add clarity, simplicity, and insight to their research. Applications to the incidental parameters problem, the Slutsky Equation, Mincer’s wage equation, mortality dynamics, and more elucidate the power of scale analysis, both theoretically and empirically.
- Lewis M (2003) Moneyball: the art of winning an unfair game. WW Norton & Company, New YorkGoogle Scholar
- Mincer J (1974) Schooling, experience, and earnings. University of Michigan Press, Ann Arbor, MIGoogle Scholar
- Mincer J (1975) Education, experience, and the distribution of earnings and employment: an overview. In: Juster FT (ed) Education, income, and human behavior. National Bureau of Economic Research, Boston, pp 71–94Google Scholar