More on the estimation of the human capital depreciation rate
AbstractThis study formulates an alternative empirical model to that of Groot (Applied Economics Letters, 5, 535-8, 1998) to estimate the rate of depreciation of human capital, in which the post-schooling investment and the difference between the potential and the observed earnings of the individuals are taken into account. As an illustration, the model has been estimated for a sample of Spanish men and women. The results show depreciation rates of human capital of around 1-1.5% per year.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 11 (2004)
Issue (Month): 3 ()
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