Human Capital in Europe

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Source: Innovation at Work: The European Human Capital Index by Peer Ederer.

The Economist calls this report a “brave stab at measuring knowledge and skills, broadly defined”. That is right, the author had to make a number of heroic assumptions, and you can quibble with some of the details (e.g. Sweden’s large investment in “adult education” includes a substantial amount of unemployment hidden in less than credible adult education schemes). But by including parental education, adult education, and learning on the job, as well as demographic effects, Peer Ederer has made a real contribution to the debate about the knowledge economy.

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