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Human Capital Accumulation and Depreciation

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  • Daniel McFadden

Abstract

In the spirit of T. W. Schultz's contributions to the theory and measurement of human capital, this article discusses the dimensions of human capital, and the technologies used for its accumulation and maintenance. The article emphasizes the role of health as a dimension of human capital that influences the efficiency of acquisition and maintenance of cognitive skills, and the relationship between worker productivity and depreciation of cognitive skills over the life cycle.

Suggested Citation

  • Daniel McFadden, 2008. "Human Capital Accumulation and Depreciation," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(3), pages 379-385.
    • Handle: RePEc:oup:revage:v:30:y:2008:i:3:p:379-385.
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    File URL: http://hdl.handle.net/10.1111/j.1467-9353.2008.00411.x
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    References listed on IDEAS

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    1. Michael Grossman, 1972. "The Demand for Health: A Theoretical and Empirical Investigation," NBER Books, National Bureau of Economic Research, Inc, number gros72-1.
    2. Florian Heiss & Daniel McFadden & Joachim Winter, 2010. "Mind the Gap! Consumer Perceptions and Choices of Medicare Part D Prescription Drug Plans," NBER Chapters, in: Research Findings in the Economics of Aging, pages 413-481, National Bureau of Economic Research, Inc.
    3. John, Deborah Roedder & Cole, Catherine A, 1986. "Age Differences in Information Processing: Understanding Deficits in Young and Elderly Consumers," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 13(3), pages 297-315, December.
    4. David A. Wise, 2005. "Analyses in the Economics of Aging," NBER Books, National Bureau of Economic Research, Inc, number wise05-1.
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    Cited by:

    1. Mazzonna, Fabrizio & Peracchi, Franco, 2012. "Ageing, cognitive abilities and retirement," European Economic Review, Elsevier, vol. 56(4), pages 691-710.
    2. Freise, Diana & Schmitz, Hendrik & Westphal, Matthias, 2022. "Late-career unemployment and cognitive abilities," Journal of Health Economics, Elsevier, vol. 86(C).
    3. Schiele, Valentin & Schmitz, Hendrik, 2023. "Understanding cognitive decline in older ages: The role of health shocks," European Economic Review, Elsevier, vol. 151(C).
    4. Rafael NOVELLA & Javier OLIVERA, 2014. "Mental retirement and non-contributory pensions for the elderly poor in Peru," Working Papers of Department of Economics, Leuven ces14.05, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    5. Olivera, Javier & Andreoli, Francesco & Leist, Anja K. & Chauvel, Louis, 2018. "Inequality in old age cognition across the world," Economics & Human Biology, Elsevier, vol. 29(C), pages 179-188.
    6. Gabriel Martínez, 2022. "The value of longevity: An international analysis," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, vol. 90(1), pages 9-42, February.
    7. Channing Arndt & Sam Jones & Finn Tarp, 2016. "What Is the Aggregate Economic Rate of Return to Foreign Aid?," The World Bank Economic Review, World Bank, vol. 30(3), pages 446-474.
    8. Rafael Novella & Javier Olivera, 2019. "Gender Differences in Cognitive Abilities Among the Elderly Poor of Peru," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 42(83), pages 95-109.
    9. Smith, Travis A., 2013. ""Billions and Billions Served" Heterogeneous Effects of Food Source on Child Dietary Quality," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 151212, Agricultural and Applied Economics Association.
    10. Barthel, Anne-Christine & Lei, Shan, 2021. "Investment in financial literacy and financial advice-seeking: Substitutes or complements?," The Quarterly Review of Economics and Finance, Elsevier, vol. 81(C), pages 385-396.
    11. Channing Arndt & Sam Jones & Finn Tarp, 2016. "What Is the Aggregate Economic Rate of Return to Foreign Aid?," World Bank Economic Review, World Bank Group, vol. 30(3), pages 446-474.

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