Journal of East China Normal University(Educationa ›› 2025, Vol. 43 ›› Issue (10): 10-32.doi: 10.16382/j.cnki.1000-5560.2025.10.002

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How to Measure the Educational Human Capital of A Country: A Systematic Review on Frontier Measurement Methods and International Data Conversion Technology

Ruxian Yun, Bin Huang, Yawen Zhu   

  1. School of Education, Nanjing University, Nanjing 210023, China
  • Accepted:2025-05-08 Online:2025-10-01 Published:2025-10-09

Abstract:

Human capital is a core concept commonly used in macro education and economic policy research. To complete a macro-econometric study of education policy, it is essential to achieve an accurate measurement of a country’s human capital. Forming an internationally comparable database of educational human capital through certain measurement methods and data conversion technology is the basic work of scholars to carry out macro education policy research. Following the “evolutionary history” of educational human capital measurement, this paper systematically introduces four commonly used measurement indicators of educational human capital, including years of education, students’ cognitive skills, quality-adjusted years of education and adult cognitive skills, including their basic principles, measurement steps, conversion techniques and commonly used international databases. Based on the theory of human capital and educational production function, a comparative analysis was conducted on the advantages and disadvantages of these indicators. Four basic principles for evaluating these indicators were proposed, namely “direct measurement is superior to indirect measurement”, “stock measurement is superior to flow measurement”, “output measurement is superior to input measurement” and “quality measurement is superior to quantity measurement”. Finally, we discuss the development direction of future national education human capital research.

Key words: educational human capital, macro education policies, years of education, cognitive skills