Human capital

Human-capital interventions invest directly in a person's skills, education, or capability — job training, early-childhood schooling, college coaching, financial literacy. The mechanism is durable: the gain is internal to the person and persists after the program ends.

32

Experiments

8

Policy areas

1962–2018

Year span

28 / 32

Positive

When it works

When the skill gap is the actual binding constraint on the outcome, when the training is matched to actual labor-market or life demand, and when the program is intensive enough to move the underlying capability. Effects often take years to fully appear.

Watch out for

Most human-capital interventions are expensive per participant and depend critically on instructor quality. The variance across implementations of the 'same' program is often larger than the variance between different programs. Replicate the implementation, not just the design.

Human capital across policy areas

Education· 9 experiments

Early Childhood· 7 experiments

Public Health· 4 experiments

Public Safety· 4 experiments

International Development· 4 experiments

Financial Services· 2 experiments

Housing· 1 experiment

Libraries· 1 experiment