Collapse and Recovery How the COVID-19 Pandemic Eroded Human Capital and What to Do about It.
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Format: | Electronic eBook |
Language: | English |
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Piraí :
World Bank Publications,
2023.
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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