TAILIEUCHUNG - Lecture Development economics - Lecture 28: Human Capital: Education and health in economic development

Lecture Development economics - Lecture 28: Human Capital: Education and health in economic development. This chapter presents the following content: The central roles of education and health, education and health as joint investments for development, improving health and education: why increasing incomes is not sufficient,. | Human Capital: Education and Health in Economic Development Lecture 28 The Central Roles of Education and Health Health and education are important objectives of development Health and education are also important components of growth and development 8- Education and Health as Joint Investments for Development Greater health capital may improve the returns to investments in education Greater education capital may improve the returns to investments in health 8- Improving Health and Education: Why Increasing Incomes Is Not Sufficient Increases in income often do not lead to substantial increases in investment in children’s education and health Better educated mothers tend to have healthier children Significant market failures in education and health require policy action 8- Investing in Health and Education: The Human Capital Approach Initial investments in health or education lead to a stream of higher future income 8- Figure 8- Investing in Health and Education: The Human Capital Approach Initial investments in health or education lead to a stream of higher future income The present discounted value of this stream of future income is compared to the costs of the investment 8- Figure 8- Investing in Health and Education: The Human Capital Approach Initial investments in health or education lead to a stream of higher future income The present discounted value of this stream of future income is compared to the costs of the investment Private returns to education are high, and may be higher than social returns 8- Table 8- The Gender Gap: Women and Education Young females receive less education than young males in nearly every LDC 8- Table 8- The Gender Gap: Women and Education Young females receive less education than young males in nearly every LDC Closing this educational gender gap is economically desirable Consequences of gender bias in health and education 8- Figure 8- Educational Systems and

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