HSCI 160 Lecture Notes - Lecture 3: Human Capital
17 Dec 2015
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Document Summary
Chapter 3: health, education, poverty, and the economy. Health contributes to people"s ability to be productive and accumulate knowledge and skills to be productive (human capital) Health is a major determinant of one"s enrollment in and success in school => affects future earnings. Health can have a major impact on financial status of poor people and push them into poverty. Health is a major item of national expenditure. Health and education of parents affects the health and education of their children. Malnutrition and disease affect the cognitive development and school performance of children. Good health increases longevity => higher lifetime earnings. Healthy workers are more productive than unhealthy workers. Many people when ill cannot go to work => unable to earn money. Costs of illness t individuals and families can cause them to fall into poverty. Inequitable relationships among countries are at least party the cause of weak economic development in the poorer countries.
