NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Earnings Functions and Rates of Return

James J. Heckman, Lance J. Lochner, Petra E. Todd

NBER Working Paper No. 13780
Issued in February 2008

---- Acknowledgements -----

Heckman's research was supported by NIH R01-HD043411, NSF 97-09-873, NSF SES-0099195, NSF SES-0241858, and support from the American Bar Foundation. The first draft of this paper was prepared in June 1998 and previously circulated under the title "Fifty Years of Mincer Earnings Regressions." We thank Dayanand Manoli for research assistance. We also thank George Borjas, Jim Davies, Reuben Gronau, Eric Hanushek, Lawrence Katz, John Knowles, Derek Neal, Kenneth Wolpin, and participants at the 2001 AEA Annual Meeting, the Labor Studies Group at the 2001 NBER Summer Institute, and participants at Stanford University and Yale University seminars for helpful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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