ESCoE Workshop: Human Capital

Venue:

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


Overview:

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.

View the presentations below


Programme:

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)

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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


Details:

The Economic Statistics Centre of Excellence (ESCoE) is an independent research centre funded by the Office for National Statistics (ONS). The ESCoE is made up of a consortium of leading institutions led by the National Institute of Economic and Social Research (NIESR) with King’s College London, innovation foundation Nesta, University of Cambridge, Warwick Business School (University of Warwick) and Strathclyde Business School.

Wednesday, January 02, 2019

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