A person’s human capital includes his

A person's human capital includes expenditures on education, expenditures on health care, expenditures on internal mobility of labor, and expenditures on immigration.

1. Expenditure on education

Education expenditure refers to all expenditures on education in a country, including: investment in capital construction of education, regular expenses of education, national Financial allocations, expenditures by social groups and individuals on education, etc.

2. Expenditures on health care

Health care expenditures include expenditures on hospitals, public health (including disease prevention and control institutions), and medical and health institutions.

3. Expenditures for domestic labor mobility

Expenditures for domestic labor mobility include regulating the supply and demand of labor between regions, departments, and industries and giving full play to the talents of workers, so that labor resources Reasonable configuration to improve its use efficiency.

4. Expenditures for immigration entry

Expenditures for immigration entry. If the immigrants are talents with specialized education and training, education investment can be saved; if the immigrants are minors or ordinary workers, labor force training costs can be saved. It means the increase of human capital in the country where manpower enters.

Contents of human capital theory:

1. Human capital refers to the sum of quality factors such as knowledge, skills and physical strength (health status) with economic value that exist in the human body. . Human capital mainly refers to the investment in education, training, practical experience, migration, health care, etc. that workers receive, and ultimately the accumulation of knowledge and skills.

2. Human resources are the most important of all resources, and human capital theory is the core issue of economics.

3. In economic growth, the role of human capital is greater than that of physical capital. Human capital investment is directly proportional to national income and grows faster than material resources.

4. The core of human capital is to improve the quality of the population, and investment in education is the main part of human investment. The reproduction of human capital should not be regarded as just a kind of consumption, but as an investment. The economic benefits of this investment are far greater than the economic benefits of material investment.