Interrupted Work Careers: Depreciation and Restoration of Human Capital.
Interrupted Work Careers: Depreciation and Restoration of Human Capital.
复制标题
职业生涯中断:人力资本的折旧与恢复。
DOI:
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发表时间:
1982
期刊:
影响因子:
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通讯作者:
H. Ofek
中科院分区:
文献类型:
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作者:
J. Mincer;H. Ofek
The quantitative effects and even the existence of a "human capital depreciation" phenomenon have been a subject of controversy in the recent literature. Prior work, however, was largely cross-sectional and the longitudinal dimension, if any, was retrospective. Using longitudinal panel data (on married women in NLS) we have now established that real wages at reentry are, indeed, lower than at the point of labor force withdrawal, and the decline in wages is greater, the longer the interruption. Another striking finding is a relatively rapid growth in wages after the return to work. This rapid growth appears to reflect the restoration (or "repair") of previously eroded human capital. The phenomenon of "depreciation" and "restoration" is also visible in data for immigrants to the United States. However, while immigrants eventually catch up with and often surpass natives, returnees from the non-market do not fully restore their earnings potential.