Investments in human capital

Abstract

Investments in human capital are the costs incurred in the future in order to increase the labor pro- ductivity of workers and to promote the growth of future income both of a separate capital owners and society as a whole. Investments in human capital include the expenses of health mainte- nance, receiving the general and special education, the expenses connected with job hunting, training at a work place, migration, child-rearing, searching of economically significant information on the prices and earnings, etc. Economic benefit to the employee is his income. It is improving productiv- ity for a firm that invests in staff development. Maintaining the competitiveness of the national economy and GDP growth is for society as a whole.