Parental investment in human capital

Parental investment in human capital refers to the resources and efforts parents allocate to enhance their children's skills, education, and overall well-being. This includes financial resources for education, emotional support, time spent on teaching, and providing enriching experiences. The idea is that by investing in their children's development, parents help them acquire the knowledge and competencies necessary for success in life, ultimately benefiting society as a whole. In essence, it's about nurturing the potential of the next generation to foster their growth and opportunities.