This paper presents a unified theory of human capital with both health capital and, what we term, skill capital … capital, and vice versa. The theory provides a conceptual framework for empirical and theoretical studies aimed at …

We present a theory of human capital, with its two most essential components, health capital and, what we term, skill … capital, endogenously determined within the model. Using the theory, and a calibrated version of it, we uncover and highlight …