“The educated parents invest more heavily on education and healthcare of their children.” Why is it so?
Educated parents have realised the importance of education and health because an educated and healthy person is more successful than an uneducated and unhealthy person.
While education enhances the total productivity of a person, health makes him more efficient. Educated parents know that educated and healthy children will be successful and have good standard of living. So, they look after their children’s needs for education and good health.
Countries like Japan have become rich and developed because they have invested in human resource. The educated and healthy population of Japan has made efficient use of land and capital by technological advancement.
This clearly shows the importance of investment in education and health. Thus, educated parents invest more heavily on education and healthcare of their children.