Jacob Mincer

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Jacob Mincer (July 15, 1922 in Tomaszow, Poland-August 20, 2006) was an economist most notable for his statement of the idea of human capital in economics. Papers on labor economics frequently use Mincerian Equations, which model wages as a function of human capital in statistical estimation. Variables such as schooling and work experience are the most commonly used measures of human capital. His most famous statement of this idea is the book Schooling, Experience and Earnings. Mincer graduated from Emory University and received his Ph.D. from Columbia University, where he would spend most of his career teaching and advising students.


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