Measuring Human Capital: Learning matters more than Schooling

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Posted May 08, 2021 | Center for Economic and Policy Research Policy Portal, Noam Angrist, Simeon Djankov, Pinelopi Goldberg, Harry Patrinos

As developing economies become increasingly service-oriented and automation and digitisation continue to expand, work skills will be critical in enabling workers to secure the jobs of the future. Human capital is a critical enabler of this transition. Noam Angrist, Simeon Djankov, Pinelopi Goldberg, Harry Patrinos argue in this article for the Center for Economic and Policy Research Policy Portal that progress in learning has been limited over the past two decades, even as enrolment in primary and secondary education has increased. The links between economic growth and human capital - when measured by years of schooling - are weak. Using a measure of learning from a database comprising 98 percent of the global population, the authors demonstrate a stronger link between economic development and human capital.


https://voxeu.org/article/measuring-human-capital-learning-matters-more-schooling

 

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