Report says children born today could earn 51% more over lifetime if their country’s human capital improved
Deteriorating health, education and training in many developing countries is dramatically depressing the future earnings of children born today, the World Bank says.
In a report the World Bank urges policymakers to focus on improving outcomes in three settings: homes, neighbourhoods and workplaces.
The report, Building Human Capital Where it Matters, finds that in 86 of 129 low and middle income countries health, education, or workplace learning declined between 2010 and 2025.
Analysing the links with earnings, the World Bank says that children born today in low and middle income countries could earn 51% more through their lifetime if their country’s human capital matched that of the best-performing nations at similar income levels.
