TY - JOUR
T1 - On the effects of schooling vintage on experience-earnings profiles
T2 - Theory and evidence
AU - Neuman, Shoshana
AU - Weiss, Avi
PY - 1995/5
Y1 - 1995/5
N2 - In this paper a distinction is made between human capital depreciation related to a worker's aging and depreciation due to the obsolescence of the worker's education. Schooling-specific obsolescence of human capital is incorporated in the Mincerian model of earnings, and it is shown how this obsolescence affects the worker's earnings profile. Using the Israeli 1983 Census we show that for 'high-tech' oriented industries (for which obsolescence is relatively important) obsolescence effects are more significant than for 'low-tech' oriented industries, and, consequently, the experience-earnings peak falls faster with increasing education in the former.
AB - In this paper a distinction is made between human capital depreciation related to a worker's aging and depreciation due to the obsolescence of the worker's education. Schooling-specific obsolescence of human capital is incorporated in the Mincerian model of earnings, and it is shown how this obsolescence affects the worker's earnings profile. Using the Israeli 1983 Census we show that for 'high-tech' oriented industries (for which obsolescence is relatively important) obsolescence effects are more significant than for 'low-tech' oriented industries, and, consequently, the experience-earnings peak falls faster with increasing education in the former.
KW - Depreciation
KW - Experience-earnings profiles
KW - Human capital
KW - Obsolescence
KW - Vintage
UR - http://www.scopus.com/inward/record.url?scp=0029532301&partnerID=8YFLogxK
U2 - 10.1016/0014-2921(94)00019-v
DO - 10.1016/0014-2921(94)00019-v
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AN - SCOPUS:0029532301
SN - 0014-2921
VL - 39
SP - 943
EP - 955
JO - European Economic Review
JF - European Economic Review
IS - 5
ER -