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Working paper

Записка об отечественном человеческом капитале

The paper provides a comprehensive assessment of quantitative and qualitative characteristics of human capital accumulated by the Russian economy. Using the cross-country perspective it investigates both educational attainment and quality of education of the Russian workforce. Labor market outcomes of educational upgrading are discussed with a special reference to returns to human capital. A final section concludes that under-utilization of existing human capital and erosion of its quality might make it impossible to create in Russia an effective knowledge-based economy.