If you have read a couple of research papers in Labor Economics, you would have already came across a couple of Mincerian Equations, where a list of human capital variables as well as others are used to explain how wage is determined in a statistical estimation.
In recognition of his lifetime achievements in the field, Mincer was awarded the first annual IZA Prize in Labor Economics, a $50,000 award from the Institute for the Study of Labor in Bonn, Germany.
Mincer, a Polish Holocaust survivor who emigrated to the United States in 1948, graduated with a Ph.D. in Economics from Columbia (1957) to become a leading member of a group of economists at Columbia and the University of Chicago, known as the Labor Workshop at Columbia and later the Columbia-Chicago School of Economics.
Mincer made seminal contributions to the development of other fields of economics that involve decisions related to household decisions, such as the economics of transportation and consumption.
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