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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. Copyright 2008, Oxford University Press.

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, June.
    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.
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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. Rafael NOVELLA & Javier OLIVERA, 2014. "Mental retirement and non-contributory pensions for the elderly poor in Peru," Working Papers Department of Economics ces14.05, KU Leuven, Faculty of Economics and Business, Department of Economics.
    3. 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.
    4. 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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