Publication:
The Utilization-Adjusted Human Capital Index

dc.contributor.authorPennings, Steven
dc.date.accessioned2020-09-18T14:18:32Z
dc.date.available2020-09-18T14:18:32Z
dc.date.issued2020-09
dc.description.abstractThe World Bank Human Capital Index (HCI) is based on the productivity gains of future workers from human capital accumulation. But in many developing countries, a sizeable fraction of people are not employed, or are in jobs in which they cannot fully use their skills and cognitive abilities to increase their productivity. The Utilization-adjusted Human Capital Indices (UHCIs) adjust the HCI for labor-market underutilization of human capital, based on fraction of the working age population that are employed, or are in the types of jobs where they might be better able to use their skills and abilities to increase their productivity (“better employment”). The UHCIs generalize the growth-based interpretation of the HCI: the inverse of a country's UHCI score represents long-run GDP per capita with complete human capital and complete utilization, relative to that under the status quo. The UHCIs are designed to complement the HCI, and not to replace it: they have different purposes, and the challenges of measuring utilization mean that the UHCIs should be interpreted with caution for policy analysis. Both utilization measures are available for more than 160 countries, and are roughly U-shaped in per capita income, suggesting human capital is particularly underutilized in middle-income countries. Human capital is also underutilized for women: while the HCI is roughly equal across boys and girls, female UHCIs are typically lower than those for males, driven by lower employment rates.en
dc.identifierhttp://documents.worldbank.org/curated/en/630311600204533950/The-Utilization-adjusted-Human-Capital-Index-UHCI
dc.identifier.urihttps://hdl.handle.net/10986/34487
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9375
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectHUMAN CAPITAL
dc.subjectLABOR MARKET UTILIZATION
dc.subjectEMPLOYMENT
dc.subjectHEALTH
dc.subjectEDUCATION
dc.subjectDEVELOPMENT ACCOUNTING
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectHCI
dc.subjectHUMAN CAPITAL INDEX
dc.subjectUHCI
dc.titleThe Utilization-Adjusted Human Capital Indexen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleThe Utilization-Adjusted Human Capital Index (UHCI)
okr.date.disclosure2020-09-16
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/630311600204533950/The-Utilization-adjusted-Human-Capital-Index-UHCI
okr.identifier.doi10.1596/1813-9450-9375
okr.identifier.externaldocumentum090224b087dc10fa_1_0
okr.identifier.internaldocumentum32407464
okr.identifier.reportWPS9375
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/630311600204533950/pdf/The-Utilization-adjusted-Human-Capital-Index-UHCI.pdfen
okr.statistics.combined2758
okr.statistics.dr630311600204533950
okr.statistics.drstats1468
okr.topicEducation::Economics of Education
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.topicSocial Protections and Labor::Labor Markets
okr.unitDevelopment Research Group, Development Economics
relation.isAuthorOfPublication83daf4e9-5061-5f1f-b16b-68116394433c
relation.isAuthorOfPublication.latestForDiscovery83daf4e9-5061-5f1f-b16b-68116394433c
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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