Figure 3b. Trainingfor non-conscripts (∙ = 0.25 and ∙ = 0.50)
Individual human capital depreciates over time, and the lack of learning in
the first period of the life cycle has a negative impact on labor productivity
for conscripts during the first ten years on the labor market compared to the
initial labor productivity profile (Figure 4a). Labor productivity is unchanged at
middle-age, and the extended learning period increases labor productivity at the
end of the life cycle. The small negative impact on labor productivity at the end
of the life cycle for non-conscripts follows from the reduction in learning (Figure
4b).
Figure 4a. Labor productivity for conscripts (∙ = 0.25 and ∙ = 0.50)
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