Plain Language Summaries: Literacy scores, human capital and growth across fourteen OECD countries (2008)

This brief document offers a summary of a study that used data from the 1994 International Adult Literacy Survey (IALS) as the basis for measuring the quality of the investment in education within an analysis of economic growth for 14 countries that are members of the Organisation for Economic Cooperation and Development (OECD).

The study indicated that direct measures of human capital based on literacy scores perform better than measures based on years of schooling when trying to explain economic growth. The results indicate that, overall, literacy scores have a positive and significant effect on the rate of economic growth, and on long-term levels of wealth as measured by gross domestic product (GDP).

The implicit implication of the study, the author notes, is that individuals, employers, and government policy-makers could get richer, faster, if they found ways to increase levels of adult literacy.

This summary is part of a National Adult Literacy Database (NALD) project, funded by the Canadian Council on Learning (CCL), aimed at providing researchers and other practitioners with the means to determine quickly the relevance of a number of research documents from Statistics Canada.

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2012-12-03
APA citation
T. Scott Murray. Plain Language Summaries: Literacy scores, human capital and growth across fourteen OECD countries 2008. Web. 13 Aug. 2020 <http://en.copian.ca/library/research/oecd/lit_scores/summary/scores.pdf>
T. Scott Murray (2008). Plain Language Summaries: Literacy scores, human capital and growth across fourteen OECD countries. Retrieved August 13, 2020, from http://en.copian.ca/library/research/oecd/lit_scores/summary/scores.pdf
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