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Learning-Adjusted Years of Schooling (LAYS) : Defining A New Macro Measure of Education (English)

The standard summary metric of education-based human capital used in macro analyses—the average number of years of schooling in a population—is based only on quantity. But ignoring schooling quality turns out to be a major omission. As recent research shows, students in different countries who have completed the same number of years of school often have vastly different learning outcomes. This paper therefore proposes a new summary measure, Learning-Adjusted...
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Filmer,Deon P.; Rogers,F. Halsey; Angrist,Noam; Sabarwal,Shwetlena.

Learning-Adjusted Years of Schooling (LAYS) : Defining A New Macro Measure of Education (English). Policy Research working paper|no. WPS 8591 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/243261538075151093

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