Human Capital Accumulation and Depreciation

Daniel McFadden

Review of Agricultural Economics, 2008, vol. 30, issue 3, 379-385

Abstract: 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.

Date: 2008
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