SUVREMENI TRENDOVI U MJERENJU LJUDSKOG KAPITALA
CONTEMPORARY TRENDS IN HUMAN CAPITAL MEASUREMENT

Summary/Abstract: Human capital is at the center of scientific discussions about ways to measure this form of capital and its effects. With the developmens of New theories of cconomic growth, especially with the Theory of human capital, human capital is involved and becomes one of the key factors in explaining the process of economic growth and education begins to be seen as a key part of human capital and has multiple positive and social effects. The main goal of this paper is to analyze current trends in measuring human capital that are present in the scientific literature, but also in the analysis of relevant international organizations that monitor education statistics. The paper analyzes different classifications, indicators and approaches to measuring education. Special attention is given in the analysis of available international students testing. It is concluded that such measurements have multiple benefits and uses: decision-making and policy-making processes, identification of specific needs in the education system, identification of good practice and others. However, a significant challenge is facing developing countries that are not covered by these or similar measurements.

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