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Collapse and Recovery How the COVID-19 Pandemic Eroded Human Capital and What to Do about It.

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Bibliographic Details
Online Access: Full Text (via Open Knowledge Repository)
Main Author: Schady, Norbert, 1967-
Other Authors: Holla, Alaka, Sabarwal, Shwetlena, Silva, Joana
Format: Electronic eBook
Language:English
Published: Piraí : World Bank Publications, 2023.
Subjects:
COVID-19 Pandemic, 2020- > Economic aspects.
COVID-19 Pandemic, 2020- > Influence.
Human capital.
Human capital
Since 2020
Table of Contents:
  • Front Cover
  • Contents
  • Foreword
  • Acknowledgments
  • About the Authors
  • Main Messages
  • Abbreviations
  • Executive Summary
  • The pandemic destroyed human capital at critical moments in the life cycle
  • Policies to reverse human capital losses
  • Building agile, resilient, and adaptive human development systems for future shocks
  • A human capital recovery: What will it take?
  • Notes
  • References
  • Chapter 1 A Human Capital Collapse: The Impact of the COVID-19 Pandemic on Early Childhood, School-Age Children, and Young Adults
  • A pending crisis in productivity could last for multiple generations
  • Building human capital requires sustained investments along many dimensions from many sources
  • Human capital trajectories are set during childhood, adolescence, and early adulthood
  • Shocks like the COVID-19 pandemic decrease both levels of human capital and subsequent rates of accumulation
  • Countries have three potential paths following the pandemic: A permanently lower trajectory, partial recovery, or complete recovery
  • Choices today matter: Governments can change their recovery paths
  • The time window for addressing setbacks in human capital accumulation is short
  • Notes
  • References
  • Chapter 2 Poor Start: The Impact of the COVID-19 Pandemic on Early Childhood Development and Subsequent Human Capital Accumulation
  • Shocks occurring during early childhood can persist for decades-and even across generations
  • The pandemic reduced critical investments in young children
  • Children's development slowed during lockdowns
  • These early setbacks will have long-lasting ramifications for human capital accumulation, earnings, and economic growth
  • How can policy get young children back on track?
  • Using the pandemic to prioritize investments in children
  • Notes
  • References
  • Chapter 3 Learning Losses and Dropouts: The Heavy Cost COVID-19 Imposed on School-Age Children
  • Schooling generates enormous returns for people and societies
  • The COVID-19 pandemic led to shockingly long school closures
  • How have governments responded to the pandemic so far?
  • What should governments do now? Prioritize effective action
  • Inaction is also a decision (a poor one)
  • Annex 3A. Methodology for estimating lost Learning-Adjusted Years of Schooling (LAYS)
  • Notes
  • References
  • Chapter 4 Lost Opportunities: The Protracted Effects of the Pandemic on Youth and Young Adults
  • Youth is a critical moment in the life cycle
  • The pandemic led to a sharp reduction and an uneven recovery in employment globally
  • Youth employment and wages fell sharply and have recovered in some countries but not in others
  • Declines in youth employment were not fully made up by increases in school attendance

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