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THE DURABILITY OF HUMAN CAPITAL: SOME NEW EVIDENCE
Author(s) -
KIKER B.F.,
ROBERTS R. BLAINE
Publication year - 1984
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.1984.tb00684.x
Subject(s) - human capital , depreciation (economics) , economics , labour economics , durability , wage , fixed capital , capital (architecture) , wage growth , sample (material) , physical capital , capital formation , financial capital , market economy , chemistry , archaeology , chromatography , database , computer science , history
This paper analyzes the effect of chronological aging, experience, job search, change of job and/or employer, and formal training on the wage growth of a sample of young men. Following the human capital literature, wage growth directly corresponds to human capital and the analysis allows for the assessment of the durability or rate of depreciation of human capital if further investments are not made. The findings suggest that human capital is not very durable, contrary to some previous estimates given in the literature.