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... > social science subjects > health and social care > medical science > medicine > clinical medicine > medical decision making > health outcomes and measurement > human capital approach
... > other subjects > natural sciences > life sciences > medical science > medicine > clinical medicine > medical decision making > health outcomes and measurement > human capital approach

Preferred term

human capital approach  

Definition

  • The human capital approach to economic evaluation places a monetary value on loss of health as the lost value of economic productivity due to ill health, disability, or premature mortality. More specifically, the human capital approach uses the present value of expected future earnings, often adjusted for nonmarket productivity, to estimate the potential loss to society if an individual dies or becomes permanently disabled. [Source: Encyclopedia of Medical Decision Making; Human Capital Approach]

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https://concepts.sagepub.com/social-science/concept/human_capital_approach

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