The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Mincer, Jacob (1922–2006)

  • Finis Welch
Reference work entry


Jacob Mincer was one of the founding fathers of modern labour economics. Along with Gary Becker and T.W. Schultz, Mincer’s ideas led to the evolution of labour economics as perhaps the premier applied field in economics. His work on personal income distributions and the associated wage–age profiles has dominated empirical research on these topics since the mid-1960s. The work extended to many related areas, most importantly the labour force participation of married women, the wage–age profiles associated with interrupted work careers, and migration decisions of two-career families.


Age–wage profiles Becker, G. Labour economics Mincer, J. On the job training Returns to schooling Schultz, T. W. Women’s work and wages 

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© Macmillan Publishers Ltd. 2018

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  • Finis Welch
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