Human Capital Depreciation
Human capital can depreciate if skills are unused. But estimating human capital depreciation is challenging, as worker skills are difficult to measure and less productive workers are more likely to spend time in non-employment. We overcome these challenges with new administrative data on teachers’ assignments and their students’ outcomes, and quasi- random variation from the teacher assignment process in Greece. We find significant losses to output, as a one-year increase in time without formal employment lowers students’ test scores by 0.09 standard deviations. Using a simple production model, we estimate a skill depreciation rate of 4.3% and experience returns of 6.8%
Year of publication: |
[2022]
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Authors: | Dinerstein, Michael ; Megalokonomou, Rigissa ; Yannelis, Constantine |
Publisher: |
[S.l.] : SSRN |
Subject: | Humankapital | Human capital | Abschreibung | Depreciation | Schule | School | Griechenland | Greece | Lehrkräfte | Teaching profession |
Saved in:
freely available
Extent: | 1 Online-Ressource (104 p) |
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Series: | NBER Working Paper ; No. w27925 |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 2020 erstellt |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013292144