More on the estimation of the human capital depreciation rate
This 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.
Volume (Year): 11 (2004)
Issue (Month): 3 ()
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References listed on IDEAS
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- Albrecht, J & Edin, P-A & Sundstrom, M & Vroman, S-B, 1996.
"Career Interruptions and Subsequent Earning : A Reexamination Using Swedish Data,"
1996-23, Uppsala - Working Paper Series.
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- Albrecht, James W. & Edin, Per-Anders & Sundström, Marianne & Vroman, Susan B., 1996. "Career Interruptions and Subsequent Earnings: A Reexamination Using Swedish Data," Working Paper Series 1996:23, Uppsala University, Department of Economics.
- Jacob Mincer & Solomon Polacheck, 1974.
"Family Investments in Human Capital: Earnings of Women,"
in: Economics of the Family: Marriage, Children, and Human Capital, pages 397-431
National Bureau of Economic Research, Inc.
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- Jacob Mincer & Haim Ofek, 1982. "Interrupted Work Careers: Depreciation and Restoration of Human Capital," Journal of Human Resources, University of Wisconsin Press, vol. 17(1), pages 3-24.
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