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:: Volume 14, Number 54 (10-2014) ::
2014, 14(54): 37-55 Back to browse issues page
The effect of Human Capital on Quality of Life in Provinces
hassan farazmand, seyed Morteza Afghah, maalhagh fard mehrnaz *, abdolkarim sayadi nejad
Abstract:   (1035 Views)
 

Introduction: Economic development and improvement in life quality is the main objective of all societies in all levels. To this end, it is necessary to have a better understanding of factors affecting individual life quality. Quality of Life Index (QLI) is a suitable tool that reflects socio-economic condition of a society. Thus, QLI can be employed as a major tool in local and national development plans. Human capital, however, has a vital role in life quality through which development is affected.

 

Method: In this paper, the relationship between human capital (represented by the graduated people in bachelors, master and PhD) and QLI in all Iranian provinces is studied. To this end, using time series data of all provinces during the period of 2003-2009, and employing fixed effect in panel data model, the effect of human capital on QLI of all provinces is examined.

 

Findings: The results show that human capital, adult literacy rate and urban population rate have positive and significant effect on QLI of Iranian provinces. However, population has a negative and significant effect on QLI of provinces.

 

Conclusion: The results show that human capital has a significant effect on economic growth and, therefore, on life quality of people. However, the number of postgraduates (master and PhD) has had more effects on life quality compared with graduates (bachelors). Thus, government is suggested to increase investments on higher education if it is to improve life quality of individuals in Iranian provinces.

 
Keywords: human capital, life quality, panel data, factor analysis, numeric taxonomy
Full-Text [PDF 117 kb]   (633 Downloads)    
Type of Study: orginal |
Received: 2015/03/25 | Accepted: 2015/03/25 | Published: 2015/03/25
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PMID: 27460108
PMCID: PMC4962349

Cited 0 times in PubMed Central


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farazmand H, Afghah S M, mehrnaz M F, sayadi nejad A. The effect of Human Capital on Quality of Life in Provinces. Social Welfare. 2014; 14 (54) :37-55
URL: http://refahj.uswr.ac.ir/article-1-1669-en.html
Volume 14, Number 54 (10-2014) Back to browse issues page
فصلنامه رفاه اجتماعی Social Welfare Quarterly
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