Assessment of Human Capital from the Perspective of Investment Costs

T. A. Teterinets ()
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T. A. Teterinets: Belarusian State Agrarian Technical University

Studies on Russian Economic Development, 2022, vol. 33, issue 2, 157-162

Abstract: Abstract— The article presents theoretical foundations for the formation of human capital with reference to the modern transformation of existing concepts. Methodological approaches to its quantitative assessment with regard to the content of the studied object and the possibility of placing it into the perspective of mathematical measurability are considered. The conceptual foundations for the depreciation of human capital are studied and mechanisms underlying its algorithmization are investigated taking into account the stages of the life cycle and the trajectories of changes in its components. The methodology for the valuation of human capital in terms of investment costs is presented and tested. The analysis of changes in the quantitative value of human capital in the context of social guidelines set in Belarus is performed. The level of its depreciation is assessed taking into account the pension coverage of the population. The structural imbalances in the national wealth of the Belarusian economy are revealed based on the ratio between estimated human and physical capital.

Keywords: human capital; methodology; cost approach; depreciation; valuation; social guidelines; innovation-driven development (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1134/S1075700722020150

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