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Returns to Education and Human Capital Depreciation in Spain

  • Ines P. Murillo

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    The main objective of the present paper is to analise the differences in returns to education and rates of human capital depreciation between regions in Spain, during the period 1995-2002. To this end, the theoretical framework proposed by Raymond & Roig (2004) is used to incorporate the depreciation of human capital into the analysis of the private returns on education. Aditionally, the distinction between the two sources of human capital depreciation is approached by means of an estimation by sector –Neuman & Weiss (1995)- and an estimation by occupation.

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    File URL: http://www-sre.wu-wien.ac.at/ersa/ersaconfs/ersa06/papers/60.pdf
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    Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa06p60.

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    Date of creation: Aug 2006
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    Handle: RePEc:wiw:wiwrsa:ersa06p60
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    1. JuanJ. Dolado & Marcel Jansen & JuanF. Jimeno, 2009. "On-the-Job Search in a Matching Model with Heterogeneous Jobs and Workers," Economic Journal, Royal Economic Society, vol. 119(534), pages 200-228, 01.
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    7. Maria Arrazola & Jose de Hevia, 2004. "More on the estimation of the human capital depreciation rate," Applied Economics Letters, Taylor & Francis Journals, vol. 11(3), pages 145-148.
    8. Gould, Eric D & Moav, Omer & Weinberg, Bruce A, 2001. " Precautionary Demand for Education, Inequality, and Technological Progress," Journal of Economic Growth, Springer, vol. 6(4), pages 285-315, December.
    9. George Psacharopoulos & Harry Anthony Patrinos, 2004. "Returns to investment in education: a further update," Education Economics, Taylor & Francis Journals, vol. 12(2), pages 111-134.
    10. Rosen, Sherwin, 1976. "A Theory of Life Earnings," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages S45-67, August.
    11. Deaton, Angus, 1985. "Panel data from time series of cross-sections," Journal of Econometrics, Elsevier, vol. 30(1-2), pages 109-126.
    12. Weinberg, Bruce A., 2004. "Experience and Technology Adoption," IZA Discussion Papers 1051, Institute for the Study of Labor (IZA).
    13. Borghans,L. & Grip,A.,de, 1999. "Skills and low pay: upgrading or overeducation?," ROA Research Memorandum 005, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    14. Neuman, Shoshana & Weiss, Avi, 1995. "On the effects of schooling vintage on experience-earnings profiles: Theory and evidence," European Economic Review, Elsevier, vol. 39(5), pages 943-955, May.
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