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Direct linkBalázs Égert; Christine de la Maisonneuve; David Turner – Education Economics, 2024
This paper develops a new measure of human capital, calculated as a cohort-weighted average of the quality of education (PISA scores) and the quantity of education (mean years of schooling). Contrary to the existing studies, the relative weights of quality and quantity are estimated (and not calibrated). The quality of education is estimated to be…
Descriptors: Human Capital, Outcomes of Education, Educational Quality, Macroeconomics
