The Human Capital Index is a report prepared by the
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...
. The Index measures which countries are best in mobilizing the economic and professional potential of its citizens. The index measures how much capital each country loses through lack of education and health. The Index was first published in October 2018 and ranked 157 countries. The Human Capital Index ranges between 0 and 1, with 1 meaning maximum potential is reached.
Methodology
The applications t
measuring human capitalare developed in research by Noam Angrist,
Simeon Djankov,
Pinelopi Koujianou Goldberg and Harry Patrinos, in a
articlepublished in the leading scientific journal Nature. These findings are popularized in a 202
Vox column The Index is grounded on the following three pillars:
Survival
*''Share of children surviving past the age of 5 in %''
School
*Quantity of education ''(Expected years of schooling by age 18)''
*Quality of education ''(Harmonized test scores)''
Health
*Adult survival rates (''Share of 15-year-olds who survive until age 60 in %)''
*Healthy growth among children ''(Stunting rates of children under 5 in %)''
Human Capital Index
The Human Capital Index was first published as part of the
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...
's
World Development Report
The World Development Report (WDR) is an annual report published since 1978 by the International Bank for Reconstruction and Development (IBRD) or World Bank. Each WDR provides in-depth analysis of a specific aspect of economic development. Past r ...
2019, directed by
Simeon Djankov and Federica Saliola.
Nobel Prize
The Nobel Prizes ( ; sv, Nobelpriset ; no, Nobelprisen ) are five separate prizes that, according to Alfred Nobel's will of 1895, are awarded to "those who, during the preceding year, have conferred the greatest benefit to humankind." Alfr ...
winner
Paul Romer
Paul Michael Romer (born November 6, 1955) is an American economist and policy entrepreneur who is a University Professor in Economics at New York University. Romer is best known as the former Chief Economist of the World Bank and for co-recei ...
started the measurement.
See also
*
Human capital
Human capital is a concept used by social scientists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. Human capital has a substantial ...
*
World Development Report
The World Development Report (WDR) is an annual report published since 1978 by the International Bank for Reconstruction and Development (IBRD) or World Bank. Each WDR provides in-depth analysis of a specific aspect of economic development. Past r ...
References
External links
Measuring Human Capital
{{Authority control
Economics publications
International rankings
Global economic indicators