Human Capital


Human Capital


Thursday 22 November 2018, 09:30 — 17:00

Venue: Mary Sumner House, 24 Tufton Street, London, SW1P 3RB

In his Spring statement, the UK Chancellor of the Exchequer emphasised the importance of human capital for growth and stated “I have asked the ONS to work with us on developing a more sophisticated measure of human capital”. This workshop will explore and debate the measurement of human capital and its use for policy analysis.


09:15 Registration

09:30 Introductions: Rebecca Riley (ESCoE) and Gueorguie Vassilev (ONS)

09:45 Session 1: Current Measures of Human Capital, Chair: Richard Tonkins (ONS)

The Accumulation of Human and Nonhuman Capital in the US by Barbara Fraumeni (Central University of Finance and Economics, China)

Human Capital: Why is It Important? Why Measurement Matters? by Wulong Gu (Statistics Canada)

Human Capital in the OECD’s Quantification of Structural Reforms by Jarmila Botev (OECD)

11:30 Break

11:45 Session 2: Extensions to Current Estimates, Chair: Sylaja Srinivasan (ESCoE)

Jobs and Skills in the Digital Transformation: The Cost of Training to “safe haven” Occupations by Mariagrazia Squicciarini (OECD) and Luca Marcolin (OECD)

Skills Classifications: Introduction by Gueorguie Vassilev (ONS)

Skills Classifications: An Open and Data-driven Taxonomy of Skills Extracted from Online Job Adverts by Jyldyz Djumalieva (Nesta) and Cath Sleeman (Nesta)

13:00 Lunch

14:00 Session 3: Extensions and New Estimates, Chair: Richard Heys (ONS)

Health and Human Capital by Mary O’Mahony (King’s College London) and Lea Samek (NIESR)

Indicator Based Approaches to Human Capital by Gueorguie Vassilev (ONS)

15:15 Break

15:30 General Discussion, Moderator: Louise Hellem (HM Treasury)

The Way Ahead: Human Capital Measures for use in Policy Analysis

17:00 Close


Barbara Fraumeni

Jarmila Botev

Mariagrazia Squicciarini

Luca Marcolin

Gueorguie Vassilev

Jyldyz Djumalieva

Louise Hellem