Measuring Human Capital in Europe and Central Asia
This paper outlines an extension of the Human Capital Index that addresses the specific challenges in education and health faced by countries in Europe and Central Asia. Good basic education will not be enough, as job markets today demand higher le...
| Main Authors: | , |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/988881603808037902/Measuring-Human-Capital-in-Europe-and-Central-Asia http://hdl.handle.net/10986/34691 |
| Summary: | This paper outlines an extension of the
Human Capital Index that addresses the specific challenges
in education and health faced by countries in Europe and
Central Asia. Good basic education will not be enough, as
job markets today demand higher levels of human capital than
in the past. As the region’s population becomes older, it is
important that adults remain healthy to ensure productive
aging. The Europe and Central Asia Human Capital Index
(ECA-HCI) extends the Human Capital Index by adding a
measure of quality-adjusted years of higher education to the
original education component, and it includes the prevalence
of three adult health risk factors -- obesity, smoking, and
heavy drinking -- as an additional proxy for latent health
status. This extension of the Human Capital Index could also
be useful for assessing the state of human capital in
middle-income countries in general. |
|---|