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Empirical estimates of the rate of depreciation of education

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  • Wim Groot

Abstract

In this paper we develop a method to estimate the rate of depreciation of human capital. The model is estimated on data for Great Britain and the Netherlands. It is found that the rate of depreciation of education is 11-17% per year.

Suggested Citation

  • Wim Groot, 1998. "Empirical estimates of the rate of depreciation of education," Applied Economics Letters, Taylor & Francis Journals, vol. 5(8), pages 535-538.
    • Handle: RePEc:taf:apeclt:v:5:y:1998:i:8:p:535-538
    DOI: 10.1080/135048598354500
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    References listed on IDEAS

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    1. Welch, F, 1970. "Education in Production," Journal of Political Economy, University of Chicago Press, vol. 78(1), pages 35-59, Jan.-Feb..
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    1. Kaniovski, Serguei, 2017. "The Optimal Use of Exhaustible Resources under Nonconstant Returns to Scale," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168079, Verein für Socialpolitik / German Economic Association.
    2. Inés P. Murillo, 2011. "Human capital obsolescence: some evidence for Spain," International Journal of Manpower, Emerald Group Publishing Limited, vol. 32(4), pages 426-445, July.
    3. Hiroaki Sasaki & Taichi Hori & Rokuhisa Hasegawa & Shigehiro Tajiri & Kaito Nakamura, 2025. "Growth with human capital accumulation and declining population: an augmented Solow model approach," Economics Bulletin, AccessEcon, vol. 45(1), pages 63-72.
    4. Spanjer, Anne, 2017. "The impact of experience on the behavior and performance of self-employed and entrepreneurs. Three empirical studies," Other publications TiSEM 6684507a-1de9-47b5-9da7-3, Tilburg University, School of Economics and Management.
    5. Chernina, Eugenia & Gimpelson, Vladimir, 2022. "Do Wages Grow with Experience? Deciphering the Russian Puzzle," IZA Discussion Papers 15068, IZA Network @ LISER.
    6. Chernina, Eugenia & Gimpelson, Vladimir, 2023. "Do wages grow with experience? Deciphering the Russian puzzle," Journal of Comparative Economics, Elsevier, vol. 51(2), pages 545-563.
    7. 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.
    8. Carmichael, Fiona & Ercolani, Marco G., 2015. "Age-training gaps across the European Union: How and why they vary across member states," The Journal of the Economics of Ageing, Elsevier, vol. 6(C), pages 163-175.
    9. Conti, Gabriella, 2005. "Training, productivity and wages in Italy," Labour Economics, Elsevier, vol. 12(4), pages 557-576, August.
    10. Anne Spanjer & Arjen van Witteloostuijn, 2017. "The entrepreneur’s experiential diversity and entrepreneurial performance," Small Business Economics, Springer, vol. 49(1), pages 141-161, June.
    11. Simon Janßen & Uschi Backes-Gellner, 2009. "Skill Obsolescence, Vintage Effects and Changing Tasks," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 55(1), pages 83-103.
    12. Müller, Kathrin, 2009. "Employment growth in newly established firms: is there evidence for academic entrepreneur's human capital depreciation?," ZEW Discussion Papers 09-050, ZEW - Leibniz Centre for European Economic Research.
    13. María Arrazola & José de Hevia & Marta Risueño & José Félix Sanz Sanz, 2005. "A proposal to estimate human capital depreciation: some evidence for Spain," Hacienda Pública Española / Review of Public Economics, IEF, vol. 172(1), pages 9-22, June.
    14. Bleakley, Hoyt & Lin, Jeffrey, 2012. "Thick-market effects and churning in the labor market: Evidence from US cities," Journal of Urban Economics, Elsevier, vol. 72(2), pages 87-103.
    15. Kumar, Surender, 2008. "Is India on a Sustainable Development Path?," MPRA Paper 10086, University Library of Munich, Germany.
    16. Magali Jaoul, 2004. "Enseignement supérieur et marchés du travail. Analyse économétrique de la théorie de l'engorgement," Economie & Prévision, La Documentation Française, vol. 166(5), pages 39-57.
    17. Magali Jaoul-Grammare, 2006. "Cliométrie de l’engorgement en France. Evaluation théorique et empirique," Working Papers 06-07, Association Française de Cliométrie (AFC).
    18. Sergey Aseev & Konstantin Besov & Serguei Kaniovski, 2016. "The Optimal Use of Exhaustible Resources Under Non-constant Returns to Scale," WIFO Working Papers 525, WIFO.
    19. O'Mahony, Mary & Peng, Fei, 2009. "Skill bias, age and organizational change," MPRA Paper 38767, University Library of Munich, Germany.
    20. Spanjer, Anne & van Witteloostuijn, Arjen, 2017. "The entrepreneur's experiential diversity and entrepreneurial performance," Other publications TiSEM c613c681-b545-4660-ad6a-4, Tilburg University, School of Economics and Management.

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