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The World Bank Human Capital Index: A Guide

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  • Aart Kraay

Abstract

This paper provides a guide to the new World Bank Human Capital Index (HCI), situating its methodology in the context of the development accounting literature. The HCI combines indicators of health and education into a measure of the human capital that a child born today can expect to achieve by her 18th birthday, given the risks of poor education and health that prevail in the country where she lives. The HCI is measured in units of productivity relative to a benchmark of complete education and full health, and ranges from 0 to 1. A value ofon the HCI indicates that a child born today can expect to be onlypercent as productive as a future worker as she would be if she enjoyed complete education and full health.

Suggested Citation

  • Aart Kraay, 2019. "The World Bank Human Capital Index: A Guide," The World Bank Research Observer, World Bank, vol. 34(1), pages 1-33.
    • Handle: RePEc:oup:wbrobs:v:34:y:2019:i:1:p:1-33.
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    File URL: http://hdl.handle.net/10.1093/wbro/lkz001
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    Citations

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    Cited by:

    1. Katharine G. Abraham & Justine Mallatt, 2022. "Measuring Human Capital," Journal of Economic Perspectives, American Economic Association, vol. 36(3), pages 103-130, Summer.
    2. World Bank, 2020. "No One Left Behind," World Bank Publications - Reports 34163, The World Bank Group.
    3. Robert C. M. Beyer & Konstantin M. Wacker, 2024. "Good enough for outstanding growth: The experience of Bangladesh in comparative perspective," Development Policy Review, Overseas Development Institute, vol. 42(2), March.
    4. Noam Angrist & Matthew C. H. Jukes & Sian Clarke & R. Matthew Chico & Charles Opondo & Donald Bundy & Lauren M. Cohee, 2023. "School-based malaria chemoprevention as a cost-effective approach to improve cognitive and educational outcomes: a meta-analysis," Papers 2303.10684, arXiv.org.
    5. Trung V. Vu, 2022. "Does institutional quality foster economic complexity? The fundamental drivers of productive capabilities," Empirical Economics, Springer, vol. 63(3), pages 1571-1604, September.
    6. Demirgüç-Kunt, Asli & Torre, Iván, 2022. "Measuring human capital in middle income countries," Journal of Comparative Economics, Elsevier, vol. 50(4), pages 1036-1067.
    7. Yogesh Ghore & Brad Long & Zeynep Ozkok & Derin Derici, 2023. "Rethinking human capital: Perspectives from women working in the informal economy," Development Policy Review, Overseas Development Institute, vol. 41(5), September.
    8. Campbell, Susanna G. & Üngör, Murat, 2020. "Revisiting human capital and aggregate income differences," Economic Modelling, Elsevier, vol. 91(C), pages 43-64.
    9. Nxumalo, Mpumelelo Author-Name: Raju, Dhushyanth, "undated". "Structural Transformation and Labor Market Performance in Ghana," Jobs Group Papers, Notes, and Guides 154568, The World Bank.
    10. Btool H. Mohamed & Mustafa Disli & Mohammed bin Saleh Al-Sada & Muammer Koç, 2022. "Investigation on Human Development Needs, Challenges, and Drivers for Transition to Sustainable Development: The Case of Qatar," Sustainability, MDPI, vol. 14(6), pages 1-26, March.
    11. Matthew Collin & David N. Weil, 2020. "The Effect of Increasing Human Capital Investment on Economic Growth and Poverty: A Simulation Exercise," Journal of Human Capital, University of Chicago Press, vol. 14(1), pages 43-83.
    12. Trung V. Vu, 2022. "Linking LGBT inclusion and national innovative capacity," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 159(1), pages 191-214, January.
    13. Abdullah Shinwari & Alain Véron & Mohammad Haris Abdianwall & Elisabeth Jouve & Remi Laporte, 2022. "Tap Water Consumption Is Associated with Schoolchildren’s Cognitive Deficits in Afghanistan," IJERPH, MDPI, vol. 19(14), pages 1-12, July.
    14. Matthew K. Agarwala & Diane Coyle & Cristina Peñasco & Dimitri Zenghelis, 2024. "Measuring for the Future, Not the Past," NBER Chapters, in: Measuring and Accounting for Environmental Public Goods: A National Accounts Perspective, National Bureau of Economic Research, Inc.

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