Essay: Human Capital

Sample Essay

Words 1,210

This essay discusses human capital. Human capital is the children and adolescents who in future will become professionals and leaders of the country, but the responsibility of raising this human capital is limited to parents caregivers and teachers. Parents can greatly increase their incomes and cut their expenditures if they don’t have children to raise.

Given a seemingly non-economic problem, such as the choice of a mate, the decision to have children, or the choice of housing arrangements, use economic concepts to evaluate the problem so that it can be understood more fully.

The article Raising hell: how the punishing costs of childbearing imperil us all by Phillip Longman shows how raising children has costs associated with it. Children are future labor or human capital of an economy. To many people any assistance received by the parents for raising their children is a kind of subsidy. Parents are expected by the government and the society to raise their children train and educate them without any assistance.

For any economy to survive human capital is very important. Human capital is the children and adolescents who in future will become professionals and leaders of the country, but the responsibility of raising this human capital is limited to parents caregivers and teachers. Parents can greatly increase their incomes and cut their expenditures if they don’t have children to raise. And there are indicators which show that in fact less people prefer to have children: the high divorce rate, the growing shortage of caregivers and qualified teachers, and above all by the declining fertility of the American people. Economic rewards for raising children are almost non existent.

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