e-journal

Human capital depreciation and education level

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Purpose – The purpose of this paper is to investigate the link between human capital depreciation
and education level, with an emphasis on potential differences between general and specific education.
Design/methodology/approach – A nonlinear wage equation, based on Arrazola and de Hevia’s
(2004) model, is estimated using data from the Swiss Labor Force Survey (SLFS) over the period
1998-2008, in order to estimate a human capital depreciation rate for several education groups.
Findings – Human capital depreciation is significantly related to education type. Academic
(“concept-based”) education protects workers more effectively against depreciation than vocational
(“skill-specific”) education.
Research limitations/implications – The SLFS survey is a rotating panel of five years and no
retrospective data on earnings and employment are provided. A study of lifecycle earnings like the one
proposed here would clearly benefit from a longer individual observation period.
Practical implications – In all educational tracks, even vocational ones, a substantial time share
should be devoted to the acquisition of general skills. Moreover, it is necessary to manage lifelong
learning carefully in order not to waste initial investments in education.
Originality/value – Instead of using a purely quantitative approach to separate workers by years
of education, qualitative aspects of educational system are taken into account. Taking advantage
of the Swiss educational system characteristics, workers are separated on the basis of their education
type. Workers with vocational education (apprenticeships, professional and technical schools and universities of applied sciences) are assumed to possess a relatively specific human capital, compared to those with academic education (high schools and universities).

Keywords Switzerland, Human capital depreciation, Educational system,Experience-earnings profiles, Nonlinear least squares

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Informasi Detail

Judul Seri

International Journal of Manpower

No. Panggil

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Penerbit

: Emerald Group., 2014

Deskripsi Fisik

International Journal of Manpower Vol. 35 No. 5, 2014 pp. 613-642

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

PENDIDIKAN

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

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