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Cited by 616

The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.

Empirical Age-Earnings Profiles

Murphy, Kevin M., Welch, Finis·1990·Journal of Labor Economics

Abstract

The "human capital earnings function," in which earnings are expressed as a quadratic in potential experience, is probably the most widely accepted empirical specification in economics. In spite of its widespread acceptance, the human capital earnings function provides a very poor approximation of the true empirical relationship between earnings and experience. The standard formulation understates early career earnings growth by about 30%-50% and overstates midcareer growth by 20%-50%. However, simple alternative specifications that fit the data are available.

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Metadata

Authors
Murphy, K. M., & Welch, F.
Venue
Journal of Labor Economics
Published
1990-04
Volume
8
Issue
2
Pages
202-229
ISSN
  • 0734-306X (ISSN-L)
  • 1537-5307
OpenAlex
W2064798575
Cited by
616
References
8
FWCI
18.94
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Empirical Age-Earnings Profiles. https://app.cochat.ai/papers/10.1086/298220
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Murphy, K. M., & Welch, F. (1990). Empirical Age-Earnings Profiles. Journal of Labor Economics. https://doi.org/10.1086/298220

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