Keywords: Human Capital Index, Gender Equality, Education, Health, Workforce Productivity, World Bank Group
The Human Capital Index (HCI), introduced by the World Bank Group in October last year, serves as a simple yet powerful measuring stick. It assesses the future productivity of children born today, considering their potential productivity under conditions of full health and education. The HCI, consisting of crucial components like education, health, and survival, is broken down by gender. This underscores the World Bank Group’s focus on gender issues, particularly the equal investment in human capital for both boys and girls.
Five Facts on Gender and Human Capital
On this year’s International Literacy Day, using data from the World Bank Gender Data Portal, we’ve distilled five key facts about gender and human capital:
- Significant Progress at a Regional Level: There has been substantial progress in bridging the human capital gap between boys and girls at a regional level.
- Equal Educational Opportunities: Over the past few decades, there has been a significant push towards providing boys and girls with equal access to education. This has resulted in a near-equal number of boys and girls in schools globally, especially at the primary level.
- Healthcare Access and Survival: Access to healthcare services is improving for both genders. The gender gap in child survival rates has narrowed significantly, yet disparities still exist in certain regions.
- Workforce Participation: Despite the strides in education and health, gender disparities are still evident in the workforce. Women tend to be overrepresented in low-paying jobs and underrepresented in leadership roles.
- Legislation and Policy: Many countries have implemented policies and legislation to protect gender rights and promote equal opportunities. However, enforcement remains a challenge in some regions, underscoring the need for ongoing vigilance and advocacy.
The HCI sheds light on the progress made in achieving gender equality and highlights areas requiring our attention. While strides have been made in education and health, more needs to be done to ensure equal opportunities in the workforce. Let’s continue the conversation – share your thoughts, ask questions, and together, we can pave the way towards a more equitable world.