Human Capital Depreciation: Evidence from Teacher Waitlists

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 nonemployment. Rigissa Megalokonomou discusses new administrative data on teachers’ assignments and their students’ outcomes, and quasi-random variation from the teacher assignment process in Greece.

Image courtesy of interviewee

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