Égert, Balázs; De la Maisonneuve, Christine; Turner, David - 2022
This paper provides a new measure of human capital using PISA and PIAAC surveys, and mean years of schooling. The new … elasticity of the stock of human capital with respect to the quality of education is three to four times larger than for the … greater from improvements in the quality than quantity component of human capital. The magnitude of these potential gains in …