The Human Capital Project
Building human capital means investing in the science of hope: “Building schools will do little to improve failing national education systems if the quality of learning remains as it is now”
Who Benefits from Higher Education in Low- and Middle-Income Countries? Najeeb Shafiq, Robert Toutkoushian, Alexandria Valerio | … in Armenia, Bolivia, Colombia, Georgia, Ghana, Kenya, Laos, Macedonia and Vietnam… STEP find that in most of these countries, individuals from disadvantaged origins are less likely to obtain a higher education degree… but individuals who have earned a higher education degree are significantly more likely to be in the labor force and find employment and enjoy sizable earnings premia… but the benefits from higher education are comparable for individuals from disadvantaged and advantaged social origins…
Returns to investment in education provide the opportunity for people to raise incomes and for society to reduce inequality. But if investments in education do not keep pace with rising demand, then inequality may increase.