Human Capital Investment: Would Higher-Order Skills Help Disconnected Youth?

Claudia Macaluso

Richmond Fed Economic Brief, 2025, vol. 25, issue 24

Abstract: Human capital investments remain cost-effective well into young adulthood. A multidimensional approach to human capital development emphasizes developing self-reflection abilities and strategic thinking skills alongside traditional academic knowledge. Higher-order skills — like teamwork, critical thinking and self-control — offer high returns for disconnected youth and are well-compensated in the labor market.

Keywords: Employment and labor markets; workforce develoment (search for similar items in EconPapers)
Date: 2025
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