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Human Capital Investment
An international Comparison
OECD Publishing , Publication date:  04 May 1998
Pages: 116 , Language: English
Version: E-book (PDF Format)
ISBN: 9789264162891 , OECD Code: 961998021E1
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Availability: Available
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Other languages:  French (Available)
Other Versions:  Print - Paperback

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Details
Imprint:  Centre for Educational Research and Innovation Tables: 30  Charts: 24  Electronic format: Acrobat PDF

Description

Investment in human capital is to the fore of debate and analysis in OECD countries about how to promote economic prosperity, fuller employment, and social cohesion. Individuals, organisations and nations increasingly recognise that high levels of knowledge, skills and competencies are essential to their future security and success. Investment in skills and competencies takes place in a variety of settings ranging from early childhood education to informal learning in the workplace, and involves a wide range of actors from individuals to enterprises and governments.

This report aims to clarify what is now known about human capital and how it can be measured. It responds to a request by governments represented in the OECD Council "to develop an initial set of indicators of human capital investment based on existing data, analyse areas where significant gaps remain in internationally comparable data, identify the cost of development of data collection for new measures and performance indicators, and report to Ministers in 1998".


Table of contents:

Executive Summary
Assessments and Recommendations
Chapter 1. Maintaining a Strong Performance: The Challenges Ahead
-Preserving macroeconomic stability and competitiveness
-Raising productivity growth while maintaining strong job creation
-Implementing a strategy in response to global warming
-Ensuring sound public finances, while keeping a lid on spending in a decentralised framework
-The goverment's strategy in perspective
-Bibliography
Chapter 2. Preserving Macroeconomic Stability and Competitiveness
-Recent trends and short-term prospects
-Reducing the inflation differential with the euro area
-Stabilising the housing market
-Continuing with a prudent fiscal policy is vital
-Bibliography
-Annex 2.A1. The Role of Supply and Demand Effects on the Rise in Property Prices
Chapter 3. Raising Productivity Growth while Maintaining Strong Job Creation
-The need for further reform
-Improving human capital investment
-Boosting research and development and the adoption of new technologies
-Bibliography
Chapter 4. Getting the Most out of Public Sector Decentralisation
-Forces shaping fiscal relations across levels of government
-Spending assignment issues
-Financing arrangements for regional governments
-Managing fiscal policy in a decentralised framework
-An agenda for further reform
-Bibliography
-Annex 4.A1. Recent Reforms of the Local Government Financing System
Chapter 5. Reforming the Pension System
-The need to reform the public pension system
-Promoting an increase int he employment rate for women and older workers
-Reappraising the incentives in favour of private pensions
-Bibliography
Glossary
Annex A. Progress on Structural Reform
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