Human Capital Recovery: What Will It Take?

Abstract

No AccessMar 2023Human Capital Recovery: What Will It Take?Authors/Editors: Alaka Holla and Joana SilvaAlaka HollaSearch for more papers by this author and Joana SilvaSearch for more papers by this authorhttps://doi.org/10.1596/978-1-4648-1901-8_ch6AboutView ChaptersFull TextPDF (0.9 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: Summarizes the impacts of the COVID-19 pandemic on young children, school-age children, and youth, as well as policy recommendations for recovering losses in human capital following the pandemic and future aggregate shocks more generally. Acknowledging that countries operate under ever-shrinking fiscal space, and face multiple crises that may compete for attention, will lead to prioritizing policy options to transform a collapse of human capital into a recovery. First, countries should focus on transition periods in the life cycle—early childhood to school age, school age to youth, and youth to adulthood—because these defining moments can create skill deficits that interfere with the entire subsequent trajectory of human capital accumulation. Second, countries should consider not just the fiscal cost of a policy but also its implementation complexity and the political commitment required. The rate of human capital accumulation must increase, lest the stock of human capital permanently drop, lowering aggregate productivity and growth. ReferencesAbufhele, A, D Bravo, F López Bóo, and P Soto-Ramirez. 2022. “Developmental Losses in Young Children from Pre-primary Program Closures during the COVID-19 Pandemic.” Technical Note 2385, Inter-American Development Bank, Washington, DC. 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CrossrefGoogle Scholar Previous chapter FiguresreferencesRecommendeddetails View Published: March 2023ISBN: 978-1-4648-1901-8e-ISBN: 978-1-4648-1934-6 Copyright & Permissions Related TopicsEducationSocial Development KeywordsCASE STUDYECONOMIC RECOVERYCOVID-19 ECONOMIC IMPACTHUMAN CAPITALPANDEMICSCHILD DEVELOPMENTLEARNING ENVIRONMENTEDUCATIONAL OUTCOMESACCESS TO EDUCATIONEDUCATIONAL ATTAINMENTEARLY CHILDHOOD EDUCATIONMACROECONOMIC SHOCKSSKILLS DEVELOPMENT AND TRAININGPRIMARY EDUCATIONCOGNITIVE DEVELOPMENTLIFECYCLE PDF DownloadLoading ...