Here at RISE we were excited for the launch of the World Bank's human capital index (HCI), which directly incorporates student learning into its measure of the contribution of health and education to productivity. The index combines five indicators: child survival, school enrolment, quality of learning, healthy growth, and adult survival, into a measure of human capital a child born today could expect to attain by age 18 (per country). 

The World Bank’s new Human Capital Index (HCI), launched at the Annual Meetings last week, explicitly recognizes that schooling that produces learning is needed to build human capital.