Methodology for a World Bank Human Capital Index
By Aart C. Kraay. 2018
131 citations recorded by the source corpus.
This paper describes the methodology for a new World Bank Human Capital Index (HCI). The HCI combines indicators of health and education into a measure of the human capital that a child born today can expect to obtain by her 18th birthday, given the risks of poor education and health that prevail in the country where she lives. The HCI is measured in units of productivity relative to a benchmark of complete education and full health, and ranges from 0 to 1. A value of x on the HCI indicates that a child born today can expect to be only x x100 percent as productive as a future worker as she would be if she enjoyed complete education and full health. The methodology of the HCI is anchored in the extensive literature on development accounting.
Subfields: Nutrition and Dietetics, Safety Research, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/49bfbffea79992da7bdedee118689ec6c26f467c
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In Nutrition and Dietetics
In Safety Research
In Sociology and Political Science
Citations in the corpus
- Learning-adjusted years of schooling (LAYS): Defining a new macro measure of education (2018, background): “32 For example, see Kraay (2018), which applies this LAYS approach in constructing a broader measure of human capital.”
- Simulating the Potential Impacts of COVID-19 School Closures on Schooling and Learning Outcomes: A Set of Global Estimates (2020, unknown): “Although this benchmark can be constructed in different ways, we follow the approach in Kraay (2018).”