Measuring human capital

Angrist, Noam, Djankov, Simeon, Goldberg, Pinelopi and Patrinos, Harry (2019) Measuring human capital. Financial Markets Group Discussion Papers (783). Financial Markets Group, The London School of Economics and Political Science, London, UK.

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Abstract

Students around the world are going to school but are not learning - an emerging gap in human capital formation. To understand this gap, we introduce a new dataset measuring learning in 164 countries and territories. The data covers 98 percent of the world's population from 2000 to 2017. The dataset will be publicly available and updated annually by the World Bank. We present several stylized facts in a first application of the data: (a) while enrollment has increased worldwide, learning has stagnated (b) girls outperform boys on learning - a positive gender gap - in contrast to a negative gender gap observed for schooling (c) learning is associated with growth on a global scale (d) associations with growth are heterogenous (e) human capital accounts for up to a third of cross-country income differences - a middle ground in the recent development accounting literature. These stylized facts demonstrate the potential of our data to reveal new insight into the relationship between human capital and economic development.

Item Type:	Monograph (Discussion Paper)
Official URL:	https://www.fmg.ac.uk/
Additional Information:	© 2019 The Authors
Divisions:	Financial Markets Group
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance
JEL classification:	I - Health, Education, and Welfare > I2 - Education > I20 - General O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O15 - Human Resources; Human Development; Income Distribution; Migration H - Public Economics > H4 - Publicly Provided Goods > H40 - General H - Public Economics > H5 - National Government Expenditures and Related Policies > H52 - Government Expenditures and Education J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity P - Economic Systems > P5 - Comparative Economic Systems > P50 - General
Date Deposited:	23 May 2023 14:48
Last Modified:	08 May 2024 22:35
URI:	http://eprints.lse.ac.uk/id/eprint/118907

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