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Household investment in children's health in Russia today

Vol. 15, Iss. 6, JUNE 2019

Received: 5 March 2019

Received in revised form: 21 March 2019

Accepted: 10 April 2019

Available online: 17 June 2019

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: J11, J24

Pages: 1115–1130

https://doi.org/10.24891/ni.15.6.1115

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

ORCID id: not available

Subject The article presents some results of a survey of the efficiency of investment in children as human capital in modern Russia.
Objectives The study evaluates the volume and composition of household healthcare investment in children aged under ten.
Methods Research is based on the representative sociological survey among parents who have children aged under ten and live in Volgograd and the Volgograd Oblast. I performed the subsequent statistical analysis of input data.
Results In Russia, the average household spends one tenth of its income on children's health. According to the overwhelming majority of parents, such spending does not seem to be huge and can be even increased. Furthermore, families also invest their time in children's health, without expecting any economic return of such investment.
Conclusions and Relevance I identified neither economic nor other effects of time, efforts and money spent on sports clubs and other active methods for health protection. Thus, I conclude that household investment in children's health does not stem from any economic motivation. The findings can be used to articulate the socio-economic policy for health protection, reasonable use of human capital, etc.

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

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