The standard summary metric of education-based human capital used in macro analyses—the average number of years of schooling in a population—is based only on quantity. But ignoring schooling quality turns out to be a major omission. As recent research shows, students in different countries who have completed the same number of years of school often have vastly different learning outcomes. This paper therefore proposes a new summary measure, Learning-Adjusted...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2018/09/27
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Рабочий документ в рамках исследования вопросов политики
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WPS8591
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1
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1
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2018/09/27
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Disclosed
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Learning-Adjusted Years of Schooling (LAYS) : Defining A New Macro Measure of Education
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years of schooling