000			01165nam a22001457a 4500
999			_c521781 _d521781
008			230227b ||||| |||| 00| 0 eng d
100			_aDinerstein, M., Megalokonomou, R. and Yannelis, C. _938371
245			_aHuman capital depreciation and returns to experience
260			_aThe American Economic Review
300			_a112(11), Nov, 2022: p.3725-3762
520			_aHuman capital can depreciate if skills are unused. But estimating human capital depreciation is challenging, as worker skills are difficult to measure and less productive workers are more likely to spend time in nonemployment. We overcome these challenges with new administrative data on teachers' assignments and their students' outcomes, and quasi-random variation from the teacher assignment process in Greece. We find significant losses to output, as a one-year increase in time without formal employment lowers students' test scores by 0.05 standard deviations. Using a simple production model, we estimate a skill depreciation rate of 4.3 percent and experience returns of 6.8 percent. Reproduced
773			_aThe American Economic Review
906			_aHUMAN CAPITAL
942			_cAR