Age, Biography and Wiki

Jacob Mincer was born on 15 July, 1922 in Tomaszów Lubelski, Poland, is an American economist. Discover Jacob Mincer's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 84 years old?

Popular As N/A
Occupation N/A
Age 84 years old
Zodiac Sign Cancer
Born 15 July, 1922
Birthday 15 July
Birthplace Tomaszów Lubelski, Poland
Date of death 20 August, 2006
Died Place New York City, U.S.
Nationality Poland

We recommend you to check the complete list of Famous People born on 15 July. He is a member of famous economist with the age 84 years old group.

Jacob Mincer Height, Weight & Measurements

At 84 years old, Jacob Mincer height not available right now. We will update Jacob Mincer's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Not Available
Wife Not Available
Sibling Not Available
Children Not Available

Jacob Mincer Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Jacob Mincer worth at the age of 84 years old? Jacob Mincer’s income source is mostly from being a successful economist. He is from Poland. We have estimated Jacob Mincer's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income economist

Jacob Mincer Social Network

Instagram
Linkedin
Twitter
Facebook
Wikipedia
Imdb

Timeline

1922

Jacob Mincer (July 15, 1922 – August 20, 2006), was a father of modern labor economics.

He was Joseph L. Buttenwieser Professor of Economics and Social Relations at Columbia University for most of his active life.

Born in Tomaszów Lubelski, Poland, in a Jewish family, Mincer survived World War II in concentration camps in Poland and Germany as a teenager.

1950

After graduating from Emory University in 1950, Mincer received his PhD from Columbia University in 1957.

"He calculated, for example, that annual earnings rose by 5 to 10 percent in the 1950s and 1960s for every year of additional schooling. There was a similar, although smaller, return on investment in job training—and age played a role."

Mincer's work continues to have a profound impact on the field of labor economics.

Papers in the field frequently use Mincerian equations, which model wages as a function of human capital in statistical estimation.

And as a result of Mincer's pioneering work, variables such as schooling and work experience are now the most commonly used measures of human capital.

1959

Following teaching stints at City College of New York, Hebrew University, Stockholm School of Economics and the University of Chicago, Mincer joined Columbia's faculty in 1959.

1960

Mincer was also a member of the National Bureau of Economic Research from 1960 through his death.

1967

In 1967 Mincer was elected as a Fellow of the American Statistical Association.

1974

Mincer's ground-breaking work: Schooling, Experience and Earnings, published in 1974, used data from the 1950 and 1960 Censuses to relate income distribution in America to the varying amounts of education and on-the-job training among workers.

1991

He stayed at Columbia until his retirement in 1991.

In 1991, he received an honorary doctorate from the University of Chicago which recognized his seminal work in the economic analysis of earnings and inequality, the labor force decisions of women and of job mobility.

The citation for the degree also recognized Mincer's work in this area that has helped guide a generation of economists who study these important social questions.

In recognition of his lifetime achievements in economics, Mincer was awarded the first IZA Prize in Labor Economics of the Institute for the Study of Labor (Bonn, Germany).

2002

The $50,000 prize was presented to Mincer by more than 100 of his former students and colleagues at a conference at Columbia University in 2002.

2004

In 2004 Mincer received a Career Achievement Award from the Society of Labor Economists; the annual award has subsequently become known as the Mincer Award.

Mincer was never awarded a Nobel Prize, though he was considered one of the world's greatest economists of the 20th century, and was nominated for the award numerous times by admiring colleagues.

"..the decade Jacob and I spent working together was surely one of the most, if not the most exciting and fruitful in my life."

"The close blending of theory and data represented in Mincer's work has shaped the direction of labor economics and influenced and inspired all those who have followed him."

"His very simple formulation basically fits the data for understanding how earnings are related to educational attainment in virtually every country in every time period."

2006

Mincer died at his Manhattan home on August 20, 2006, due to complications from Parkinson's disease, according to his wife, Dr. Flora Mincer, and his daughters, Deborah Mincer (Sussman) and Carolyn Mincer.

Mincer was considered by many to be a father of modern labor economics.

As a leading member of a group of economists known as the Chicago School of Economics, Mincer and Nobel Laureate Gary Becker helped to develop the empirical foundations of human capital theory, consequently revolutionizing the field of labor economics.

During his academic career, Mincer authored four books and hundreds of journal articles, papers and essays.