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Investment of Russian households in the human capital of children: An intergenerational analysis

Vol. 18, Iss. 11, NOVEMBER 2019

Received: 22 July 2019

Received in revised form: 12 August 2019

Accepted: 27 August 2019

Available online: 29 November 2019

Subject Heading: ANALYSIS OF HUMAN CAPITAL

JEL Classification: J11, J24

Pages: 2059–2077

https://doi.org/10.24891/ea.18.11.2059

Antonenko V.V. Volgograd State University (VolSU), Volgograd, Russian Federation
avv1@mail.ru

ORCID id: not available

Antonov G.V. Volgograd State University (VolSU), Volgograd, Russian Federation
antonovgv@mail.ru

ORCID id: not available

Subject The article addresses the efficiency of investment in children's human capital.
Objectives We perform the comparative analysis of structure and volume of household investment in human capital of children under 10 years of age by generation over the past 25 years. This is necessary for the subsequent comparison of dynamics of investment in children's human capital with the statistics and opinions of experts that characterize each generation (health level, intellectual development, etc.).
Methods We employ the sociological survey of parents living in Volgograd and the Volgograd Oblast, followed by a statistical analysis of the initial data.
Results For modern Russian households, education and health are the main areas of investment in children's human capital. Household spending for the formation and development of children's human capital has been steadily increasing over the past 25 years, however, the income of the average household is also increasing. Investments in the key elements of children's human capital show varying behavior.
Conclusions The increase in investment in children's human capital has no effect on intellectual development of children and adolescents, and on their incidence of disease. Moreover, the opinions of experts and statistics suggest the opposite: the level of knowledge is falling, the incidence of disease is increasing. This means that households' investment in children's human capital is low, and continues declining. This is especially true of investment in education. At the same time, most parents do not have economic motivation for such costs.

Keywords: human capital, investment efficiency, investment in children, applied statistics

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