A new macroeconomic measure of human capital exploiting PISA and PIAAC: Linking education policies to productivity
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This paper provides a new measure of human capital using PISA and PIAAC surveys, and mean years of schooling. The new measure is a cohort-weighted average of past PISA scores (representing the quality of education) of the working age population and the corresponding mean years of schooling (representing the quantity of education). In contrast to...
