A Skills-Based Human Capital Framework to Understand the Phenomenon of Youth Economic Disengagement

A Skills-Based Human Capital Framework to Understand the Phenomenon of Youth Economic Disengagement

This paper revisits traditional human capital models and proposes a new conceptual framework of human capital accumulation, anchored in skills development, to illustrate the phenomenon and implications of youth economic disengagement. In the framew...

Full description

Bibliographic Details
Main Authors: Angel-Urdinola, Diego F., Mayer Gukovas, Renata
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
DISCOURAGED YOUTH
YOUTH EMPLOYMENT
UNEMPLOYMENT
HUMAN CAPITAL
SKILLS DEVELOPMENT
WAGES
LABOR MARKET
EDUCATION COSTS
Online Access:http://documents.worldbank.org/curated/en/344881519143351361/A-skills-based-human-capital-framework-to-understand-the-phenomenon-of-youth-economic-disengagement
http://hdl.handle.net/10986/29408
id okr-10986-29408
recordtype oai_dc
spelling okr-10986-294082021-06-08T14:42:48Z A Skills-Based Human Capital Framework to Understand the Phenomenon of Youth Economic Disengagement Angel-Urdinola, Diego F. Mayer Gukovas, Renata DISCOURAGED YOUTH YOUTH EMPLOYMENT UNEMPLOYMENT HUMAN CAPITAL SKILLS DEVELOPMENT WAGES LABOR MARKET EDUCATION COSTS This paper revisits traditional human capital models and proposes a new conceptual framework of human capital accumulation, anchored in skills development, to illustrate the phenomenon and implications of youth economic disengagement. In the framework, youth economic disengagement is defined as a state (temporary or permanent) where individuals stop accumulating human capital due to inadequate access and quality of opportunities for skills development through formal education and employment. Total economic disengagement is a rational choice that individuals make when (i) the formal education system and labor market do not contribute to build skills that are valued by the labor market, and (ii) the costs related to economic engagement (that is, studying and working) surpass its benefits. The phenomenon of economic disengagement has lifelong implications that not only constrain and restrain future earnings, but also undermine prospects for improvements in productivity and economic growth. 2018-02-28T22:30:44Z 2018-02-28T22:30:44Z 2018-02 Working Paper http://documents.worldbank.org/curated/en/344881519143351361/A-skills-based-human-capital-framework-to-understand-the-phenomenon-of-youth-economic-disengagement http://hdl.handle.net/10986/29408 English Policy Research Working Paper;No. 8348 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic DISCOURAGED YOUTH
YOUTH EMPLOYMENT
UNEMPLOYMENT
HUMAN CAPITAL
SKILLS DEVELOPMENT
WAGES
LABOR MARKET
EDUCATION COSTS
spellingShingle DISCOURAGED YOUTH
YOUTH EMPLOYMENT
UNEMPLOYMENT
HUMAN CAPITAL
SKILLS DEVELOPMENT
WAGES
LABOR MARKET
EDUCATION COSTS
Angel-Urdinola, Diego F.
Mayer Gukovas, Renata
A Skills-Based Human Capital Framework to Understand the Phenomenon of Youth Economic Disengagement
relation Policy Research Working Paper;No. 8348
description This paper revisits traditional human capital models and proposes a new conceptual framework of human capital accumulation, anchored in skills development, to illustrate the phenomenon and implications of youth economic disengagement. In the framework, youth economic disengagement is defined as a state (temporary or permanent) where individuals stop accumulating human capital due to inadequate access and quality of opportunities for skills development through formal education and employment. Total economic disengagement is a rational choice that individuals make when (i) the formal education system and labor market do not contribute to build skills that are valued by the labor market, and (ii) the costs related to economic engagement (that is, studying and working) surpass its benefits. The phenomenon of economic disengagement has lifelong implications that not only constrain and restrain future earnings, but also undermine prospects for improvements in productivity and economic growth.
format Working Paper
author Angel-Urdinola, Diego F.
Mayer Gukovas, Renata
author_facet Angel-Urdinola, Diego F.
Mayer Gukovas, Renata
author_sort Angel-Urdinola, Diego F.
title A Skills-Based Human Capital Framework to Understand the Phenomenon of Youth Economic Disengagement
title_short A Skills-Based Human Capital Framework to Understand the Phenomenon of Youth Economic Disengagement
title_full A Skills-Based Human Capital Framework to Understand the Phenomenon of Youth Economic Disengagement
title_fullStr A Skills-Based Human Capital Framework to Understand the Phenomenon of Youth Economic Disengagement
title_full_unstemmed A Skills-Based Human Capital Framework to Understand the Phenomenon of Youth Economic Disengagement
title_sort skills-based human capital framework to understand the phenomenon of youth economic disengagement
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/344881519143351361/A-skills-based-human-capital-framework-to-understand-the-phenomenon-of-youth-economic-disengagement
http://hdl.handle.net/10986/29408
_version_ 1764469272801705984

Similar Items