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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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    1. repec:kap:sbusec:v:49:y:2017:i:1:d:10.1007_s11187-016-9811-0 is not listed on IDEAS
    2. Kaniovski, Serguei, 2017. "The Optimal Use of Exhaustible Resources under Nonconstant Returns to Scale," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168079, Verein für Socialpolitik / German Economic Association.
    3. Inés P. Murillo, 2011. "Human capital obsolescence: some evidence for Spain," International Journal of Manpower, Emerald Group Publishing, vol. 32(4), pages 426-445, July.
    4. 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.
    5. 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.
    6. 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 - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    7. 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, IEF, vol. 172(1), pages 9-22, June.
    8. 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.
    9. Kumar, Surender, 2008. "Is India on a Sustainable Development Path?," MPRA Paper 10086, University Library of Munich, Germany.
    10. 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.
    11. Magali Jaoul-Grammare, 2006. "Cliométrie de l’engorgement en France. Evaluation théorique et empirique," Working Papers 06-07, Association Française de Cliométrie (AFC).
    12. Sergey Aseev & Konstantin Besov & Serguei Kaniovski, 2016. "The Optimal Use of Exhaustible Resources Under Non-constant Returns to Scale," WIFO Working Papers 525, WIFO.
    13. O'Mahony, Mary & Peng, Fei, 2009. "Skill bias, age and organizational change," MPRA Paper 38767, University Library of Munich, Germany.
    14. 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.
    15. repec:eee:joecag:v:6:y:2015:i:c:p:163-175 is not listed on IDEAS
    16. Conti, Gabriella, 2005. "Training, productivity and wages in Italy," Labour Economics, Elsevier, vol. 12(4), pages 557-576, August.

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