Human Capital: Perspectives, Challenges and Future Directions

In this compilation, the authors outline the main stages that have marked the transformations of the notion of human capital, as well as the attempts to measure it, with particular reference to the OECD Survey of Adult Skills. They assess whether Sachs' et al. (2015) negative long run welfare consequences of digitalization also arise when the government as an agent of young households invests in human capital with the aim to counteract the decrease in labor productivity resulting from the s...