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Skill Depreciation during Unemployment: Evidence from Panel Data / Jonathan P. Cohen, Andrew C. Johnston, Attila S. Lindner.
- Format:
- Book
- Author/Creator:
- Cohen, Jonathan P.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31120.
- NBER working paper series no. w31120
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- We use a panel of survey responses linked to administrative data in Germany to measure the depreciation of skills while workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration, and indicators of depression and loneliness rise substantially. Despite this, we find no decline in a wide range of cognitive and noncognitive skills while workers remain unemployed. We find the same pattern in a panel of American workers. The results imply that skill depreciation in general human capital is unlikely to be a major explanation for duration dependence.
- Notes:
- Print version record
- April 2023.
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