Although the Latin American region has shown an impressive growth in educational attainment over the past two decades, that education has failed to yield expected benefits. A mounting body of research and policy debates argues that the quantity of education is not an adequate metric of human capital acquisition. Rather, individuals' skills—what they actually know and can do—should stand as policy targets and be fostered across the life course. Evidence from around the world shows that both cognitive and socio-emotional skills are demanded by employers and favorably affect a range of outcomes, including educational attainment and employment outcomes. Through original empirical research investigating the role of cognitive and socio-emotional skills in shaping adults' labor market outcomes in Bolivia, Colombia, El Salvador, and Peru, supplemented by similar studies in other Latin American countries, this review confirms that cognitive skills matter for reaping labor market gains in terms of higher wages and formal jobs in Latin America; but so do socio-emotional skills. Moreover, socio-emotional skills seem to particularly influence labor force participation and tertiary education attendance as a platform to build knowledge. The study also presents a policy framework for skills development by: (i) providing insights by developmental psychologists about when people are neuro-biologically, socio-emotionally, and situationally ready to develop socio-emotional skills, and (ii) suggesting new directions in cognitive development.

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Information

Publisher

World Bank

Year

2016

ISBN

9781464808845

Topic

Business

Subtopic

Business Skills

Index

Business

Front Cover
Contents
Abstract
Acknowledgments
About the Authors
Executive Summary
Abbreviations
Chapter 1 Introduction
Chapter 2 Cognitive and Socioemotional Skills Profile of the Latin American Workforce
Chapter 3 Do Skills Affect Labor Market and Tertiary Education Outcomes in Latin America?
Chapter 4 Policy and Programming for Socioemotional Skill Development
Chapter 5 Conclusions
Appendix A Abstracts of Background Papers
Appendix B Methodologies Used in This Study
Appendix C Summary of Associations between Measures of Skills and Labor Market and Tertiary Education Outcomes in Bolivia, Colombia, El Salvador, and Peru
Appendix D Regression Results from Country Studies
Appendix E Cross-Country Variations in Associations between Skills Dimensions and Labor Market and Tertiary Education Outcomes
Appendix F Inventory of Promising Interventions to Foster Socioemotional Skills
Boxes
Figures
Tables