Human Capital and Development

Philippe Aghion, Ingvild AlmŒs and Costas Meghir
Additional contact information
Philippe Aghion: Coll ge de France, INSEAD, LSE
Ingvild AlmŒs: University of Zurich, CEPR, IIES
Costas Meghir: Yale University, NBER, CEPR, IFS

No 2485, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: Human capital is central to efforts to promote growth, convergence, and the elimination of poverty. Drawing on seminal macroeconomic frameworks by Nelson-Phelps, Lucas, and subsequent developments, alongside macro and microeconomic evidence, the chapter examines the role of human capital in driving innovation and growth, emphasizing how different types of human capital matter at different stages of development, and discussing obstacles to accumulation and evidence from policy interventions.

Pages: 85 pages
Date: 2026-01-16
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