Health as a Component of Human Capital

Abstract

Scientific literature describes human capital with a focus on its positive impact on various areas of life. The greatest attention is paid on the analysis of the relationships between human capital development and economic growth. Human capital is related to the growth of the country's economy, higher productivity level, positive results of organization performance and other benefits of higher stock of human capital. Skills, knowledge, experience are components of human capital that are frequently mentioned by defining human capital. However, health as a component of human capital is mentioned much less often. Purpose – this research aims to analyze the concept of human capital highlighting the importance of health as the component of human capital.