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Distinctive characteristics of human capital among older age groups of the population in the northern region: Evidence from the Republic of Karelia

Vol. 15, Iss. 2, FEBRUARY 2019

Received: 1 November 2018

Received in revised form: 22 November 2018

Accepted: 14 December 2018

Available online: 15 February 2019

Subject Heading: ECONOMIC POLICY OF THE STATE

JEL Classification: E24, J14, J21, J24, O15

Pages: 284–300

https://doi.org/10.24891/ni.15.2.284

Volkov A.D. Institute of Economics, Karelian Research Centre of Russian Academy of Sciences, Petrozavodsk, Republic of Karelia, Russian Federation
kov-vol@rambler.ru

https://orcid.org/0000-0003-0451-8483

Subject The article discusses issues of employing the retirement age groups of people, considering the population aging trend.
Objectives The research identifies practices of employing the retirement age people in the northern area of the Russian Federation.
Methods I applied methods of institutional and logic analysis. The empirical framework comprises data of qualitative surveys as part of the socio-economic study into manpower reproduction in 2018.
Results Based on data of semi-structured interviews of top management, I conducted the content analysis of factors influencing employment practices with respect to the third age group of people. Such factors are considered to include the personnel policy with respect to the retirement age employees, corporate technological structure, production specifics, corporate social policy, specifics of pensioners' employment. The article reveals contemporary practices of employing people from older age groups.
Conclusions and Relevance The above tools allow to trace key HR approaches to the third age employees. Considering limitations of the northern economically distressed area, it is vital for most enterprises to employ the retirement age people due to comparative advantages offered by such human capital, and practices allowing to erase its weaknesses. This research may prove valuable for HR policies and regional programs for socio-economic development.

Keywords: human capital, third age, retired people, employment

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