What is the partial derivative of the logarithm of earnings, Ask an Expert

Economics

In the application presented in this section, one of Jacob Mincer's specifications relating earnings to schooling(S) and workplace experience(X) is In E = 4.9 + 0.26lnS - 0.003lnS2- 0.004lnXS + 0.15lnX - 0.002lnX2.

A) What is the partial derivative of the logarithm of earnings with respect to experience?

B) What is the percentage impact on earnings due to a one year increase in experience if S = 20 and X = 5?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M938659

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