Skill Depreciation during Unemployment: Evidence from Panel Data†
利用德国和美国工人的面板数据，研究了失业期间认知与非认知技能的变化，发现技能并未显著下降，但再就业概率和收入随失业时间延长而降低。
We examine the depreciation of skills among unemployed German workers using a panel of skill measures linked to administrative data. Both the reemployment hazard and reemployment earnings steadily decline with unemployment duration. Indicators of depression and loneliness also rise substantially. However, 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 observed duration dependence in reemployment outcomes.