Premium
Human Capital Accumulation and Depreciation
Author(s) -
McFadden Daniel
Publication year - 2008
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1111/j.1467-9353.2008.00411.x
Subject(s) - depreciation (economics) , economics , consumption of fixed capital , human capital , monetary economics , business , capital (architecture) , earnings before interest, taxes, depreciation, and amortization , capital formation , finance , financial capital , market economy , earnings , geography , archaeology
In the spirit of T. W. Schultz's contributions to the theory and measurement of human capital, this article discusses the dimensions of human capital, and the technologies used for its accumulation and maintenance. The article emphasizes the role of health as a dimension of human capital that influences the efficiency of acquisition and maintenance of cognitive skills, and the relationship between worker productivity and depreciation of cognitive skills over the life cycle.