Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/226316
Authors: 
Dinerstein, Michael
Megalokonomou, Rigissa
Yannelis, Constantine
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8614
Abstract: 
Human 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 non-employment. 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 0.09 standard deviations. Using a simple production model, we estimate a skill depreciation rate of 4.3% and experience returns of 6.8%.
Subjects: 
human capital
unemployment
teachers
JEL: 
J01
J24
I29
Document Type: 
Working Paper

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