Polachek, Solomon; Das, Tirthatanmoy; Thamma-Apiroam, Rewat - Institute for the Study of Labor (IZA) - 2013
. These estimates yield five important parameters for each individual: three ability measures (two representing the ability to … learn and one the ability to earn), a rate of skill depreciation, and a time discount rate. In addition, we obtain a … population wide estimate of the rental rate of human capital. To illustrate heterogeneity in the production of human capital, we …