Vintage effects in human capital: Europe versus the United States
The standard assumption in growth accounting is that an hour worked by a worker of given type delivers a constant quantity of labor services over time. This assumption may be violated due to vintage effects, which were shown to be important in the United States since the early 1980s, leading to an u...
|Place of publication:||
Luxembourg Luxembourg Income Study (LIS) 2017
|published in:||LIS Working Paper Series Vol. 698|
|Data of publication:||2017|
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