منابع مشابه
Dislocated Worker Human Capital Depreciation and Recovery
Previous studies have estimated the "human capital depreciation" of women re-entering the work force after voluntary, lengthy interruptions. Those studies have found reduced real wages and furthermore the decrease is positively related to the length of the interruption. Upon re-entry, however, real wages grow rapidly as human capital is restored. This paper develops a model of the wage historie...
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To test how practice interruptions affect worker productivity, we estimate how temporal breaks affect surgeons' performance of coronary artery bypass grafting (CABG). Examining 188 surgeons who performed 56,315 CABG surgeries in Pennsylvania between 2006 and 2010, we find that a surgeon's additional day away from the operating room raised patients' inpatient mortality by up to 0.067 percentage ...
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Little is known about the nature of physical capital in the less-developed countries. This article addresses the lack of empirical study related to depreciation rates, which are a neglected but important ingredient of both micro and macro models and empirical analyses. Based on rich establishment-level survey data, and using a straightforward econometric approach, I estimate depreciation rates ...
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As societies age in most industrialized countries, reforms of the pension systems have become a central issue on the political agenda. A widely discussed proposition is to extend working life. An important implicit presumption of this proposition is that demand for older workers will continue until they reach the higher statutory retirement age. However, in most OECD countries the effective ret...
متن کاملCapital depreciation , factor substitutability and indeterminacy ∗
We consider a discrete-time two-sector CES economy with sector specific external effects and partial depreciation of capital. We show that the occurrence of local indeterminacy of equilibria depends on an interplay between factor substitutability and capital depreciation. When the elasticity of substitution is less than one, local indeterminacy may occur with low depreciation of capital. When t...
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ژورنال
عنوان ژورنال: Oxford Economic Papers
سال: 2008
ISSN: 0030-7653,1464-3812
DOI: 10.1093/oep/gpn044