Antonenko V.V.Volgograd State University (VolSU), Volgograd, Russian Federation avv1@mail.ru ORCID id: not available
Subject The article focuses on the efficiency of investment in creating and promoting key constituents of children's human capital in today's Russia. Objectives The study analyzes and evaluates total volume and composition of investment in children’s human capital that is made by all parties to the analyzable investment process. I determine the sequence of costs to be incurred for creating and developing key constituents of the future human capital in order to evaluate the effect of such investment. Methods The study is based on the representative survey of parents who have children aged under 10 and reside in Volgograd and the Volgograd Oblast. We also interviewed experts, collected and systematized official data on the subject from various sources and subsequently analyzed primary and grouped data. Results The article informs on households' costs of physical development and health support per child aged under 10 in the Volgograd Oblast, education costs, total investment of all parents in children's health and education in the region. I also assess total investment of the region's households in the creation and development of key constituents of children's human capital, total investment in children's health and education nationwide, total investments of parents in the future human capital in Russia. Conclusions and Relevance Budgetary investment, investment of households and business have been demonstrating common trends for the recent decade, starting from a stable growth and dropping afterwards. Non-financial or infrastructure indicators of investment in children gradually and evenly decreased. The findings can be used to articulate the socio-economic policy for the reasonable use of human capital. Furthermore, they can serve for teaching students of economics.
Keywords: human capital, investment efficiency, human capital, investment in children, applied statistics
References:
Sudova T.L., Torosyan E.K. [Investing in Children: Production and Productivity of Human Capital]. Peterburgskii ekonomicheskii zhurnal = Saint-Petersburg Economic Journal, 2017, no. 2, pp. 82–92. URL: Link (In Russ.)
Sysoev S.A. [The value of social capital in human capital investment]. Nauchnye trudy Donetskogo natsional'nogo tekhnicheskogo universiteta. Ser.: Ekonomicheskaya = Scientific Proceedings of the Donetsk National Technical University. Series: Economics, 2010, iss. 2, pp. 193–200. URL: Link (In Russ.)
Tyulicheva L.D. [Special features of Russian family households behavior as investors to human potential]. European Social Science Journal, 2013, no. 5, pp. 400–408. (In Russ.)
Sysoev S.A. [Institutional Paradoxes of Investment in Human Capital in Transformational Economy]. Nauchnye trudy Donetskogo natsional'nogo tekhnicheskogo universiteta. Ser.: Ekonomicheskaya = Scientific Proceedings of the Donetsk National Technical University. Series: Economics, 2009, iss. 1, pp. 213–220. URL: Link (In Russ.)
Sibireva M.Yu. [The value of investments in early childhood]. Nauchnye trudy Severo-Zapadnogo instituta upravleniya = Scientific Proceedings of the North-West Institute of Management of the Russian Federation Presidential Academy of National Economy and Public Administration, 2012, vol. 3, no. 3, pp. 229–243. URL: Link (In Russ.)
Panina E.V. [Model of family policy as an indicator of the level of investment in human capital]. Ekonomika ustoichivogo razvitiya = Economics of Sustainable Development, 2014, no. 2, pp. 197–205. URL: Link (In Russ.)
Sadovskaya V.S. [Parental investment in children's education: Research experience]. Vestnik Moskovskogo gosudarstvennogo universiteta kul'tury i iskusstv = Bulletin of Moscow State University of Culture and Arts, 2015, no. 3, pp. 187–193. URL: Link (In Russ.)
D'yachkova K.Yu., Proskura M.A. [Investment of parents in children as a way of increasing a child's chances for success in up-to-date society]. Ekonomika. Biznes. Banki = Economy. Business. Banks, 2018, no. S6, pp. 39–46. (In Russ.)
Antonov G.V. [The basic factors of demographic attitudes forming of population in contemporary Russia]. Vestnik Moskovskogo universiteta. Ser. 18: Sotsiologiya i politologiya =Moscow State University Bulletin. Series 18. Sociology and Political Science, 2015, no. 4, pp. 169–182. (In Russ.) URL: Link
Yuzhakova T.A., Karakchieva I.V. [Financing the education system of Russia (dynamics of spending on education: Russian and international experience)]. Nauka, tekhnika i obrazovanie = Science, Technology and Education, 2015, no. 2, pp. 87–93. URL: Link (In Russ.)
Lekhtyanskaya L.V., Rimskaya T.G. [Investments in Human Capital – Important Component of the Quality of the Working Entity]. Karel'skii nauchnyi zhurnal = Karelian Scientific Journal, 2018, vol. 7, no. 3, pp. 62–65. URL: Link (In Russ.)
Shubenkova E.V., Panina E.V. [Child Care as a Form of Labor Activity]. Vestnik Tverskogo gosudarstvennogo universiteta. Ser.: Ekonomika i upravlenie = Bulletin of Tver State University. Series: Economics and Management, 2013, no. 22, pp. 73–83. URL: Link (In Russ.)
Murav'eva K.N. [Investment in human capital]. Upravlencheskoe konsul'tirovanie = Administrative Consulting, 2013, no. 1, pp. 93–98. URL: Link (In Russ.)
Zhukov A.N., Papanova S.I., Plotnikov S.V., Fominykh M.M. [Impact of Education on Compensation in the Russian Economy]. Zhurnal ekonomicheskoi teorii = Russian Journal of Economic Theory, 2018, vol. 15, no. 1, pp. 49–56. URL: Link (In Russ.)
Krutikova V.V. [Economic contribution of the State and the region to reproduction of the human capital at the initial stage]. Sotsial'no-ekonomicheskie yavleniya i protsessy = Social and Economic Phenomena and Processes, 2014, vol. 9, no. 7, pp. 45–48. URL: Link (In Russ.)
Sutygina A.I., Kudryavtseva N.Yu. [The human capital in agriculture: Formation and assessment]. Vestnik Udmurtskogo universiteta. Ser.: Ekonomika i pravo = Bulletin of Udmurt University. Series Economics and Law, 2015, vol. 25, no. 2, pp. 60–65. URL: Link (In Russ.)
