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This Working Paper analyses σ−convergence and absolute β−convergence in human capital indicators in a sample of 140 countries from 1970 to 2020, and to what extent human capital may have contributed to the convergence in GDP per capita observed in recent years.
Equal educational opportunity and the development of human capital are two of the main keys to economic progress and social welfare — if not the most important. In the face of the digital disruption that is underway, knowledge, skills and competences of the population are also essential.
This working paper reviews the available cross-country data on skill levels and educational quality and analyzes their distribution across OECD countries and their strengths and limitations in comparison to years of schooling.
