scholarly journals THE RELATIONSHIP BETWEEN WAGES AND HUMAN CAPITAL IN THE RUSSIAN ECONOMY: THE BASIC THEORETICAL PRINCIPLES AND FACTS

2019 ◽  
Vol 3 (3) ◽  
pp. 16-83
Author(s):  
Yuliya Perekarenkova ◽  
Victor Krishka ◽  
Victor Belyaev ◽  
Alexander Trotskovsky ◽  
Natalya Solopova
Keyword(s):  
Human Capital ◽  
Human Capital Theory ◽  
Normative Theory ◽  
Highly Qualified ◽  
Capital Theory ◽  
Road Map ◽  
Russian Economy ◽  
Market Situation ◽  
Regulatory Analysis ◽  
Capital Development

The article is devoted to the study of the mutual relationship between wages and human capital development in the modern Russian economy from the perspective of normative theory and positive practice. In particular, the article describes the main theoretical provisions of the human capital theory. In the course of the regulatory analysis, it was revealed that the development of human capital implies an increase in the wage of an employee in accordance with the growth of his qualification. However, the current practice of wage organization in the Russian economy refutes this normative provision. Based on the analysis of statistical data, it was found that the basis of the current differentiation in wages is not the level of the employee qualification, but the market situation in the development of the industry, the lack of workers in certain professions and specialties. The solution of the problem between the normative provisions of the human capital theory and the real practice of wage organization is seen, first, in the need for a critical rethinking of the neoclassical provisions of the human capital theory. Secondly, an important direction is the creation of a “road map”, which would be linked into a single whole scientific, educational, managerial, financial and other decisions relating to the wages growth of highly qualified persons.

scholarly journals Employment Trajectories and Later Employment Outcomes for Mothers in the British Household Panel Survey: An Analysis by Skill Level

2013 ◽  
Vol 43 (1) ◽  
pp. 87-108 ◽  
Author(s):  
KITTY STEWART
Keyword(s):  
Job Satisfaction ◽  
Human Capital ◽  
Human Capital Theory ◽  
Hourly Wage ◽  
British Household Panel Survey ◽  
Panel Survey ◽  
Highly Qualified ◽  
Work History ◽  
Capital Theory ◽  
Employment Trajectories

AbstractThis article explores the association between mothers’ involvement in paid employment when their children are young and their later employment prospects. Using 17 waves of the British Household Panel Survey (1997–2007), it examines the employment trajectories of 954 women for the decade after the birth of their youngest child, asking two main questions. Do mothers who enter or return to work tend to remain in employment? And do wages and job satisfaction further down the line (when the youngest child reaches ten years old) reflect the pathway taken? The article focuses in particular on differences between women with higher- and lower-level qualifications. Mothers are found to be following a variety of employment pathways, with instability relatively common: more than one in three move in and out of work over the period, and this movement is just as common among mothers with higher levels of qualifications as among those with only GCSE-level qualifications or none at all. A stable – and longer – work history is associated with increased wages later on, but the benefits are greater for women with higher levels of qualifications, as might be predicted by human capital theory. Women who were more highly qualified and who moved in and out of work over the decade had an hourly wage when their youngest child was ten which was 31 per cent lower than similar women with a stable work history; for women with few or no qualifications the corresponding figure was 10 per cent and statistically insignificant. For both groups, job satisfaction at the end of the decade was unrelated to the pathway taken.

scholarly journals Development of the Human Capital Theory in the 21st Century: Megatrends and the Russian Context

2020 ◽  
pp. 60-87
Author(s):  
Olga V. Kudelina ◽  
◽  
Irina B. Adova ◽  
Keyword(s):  
Human Capital ◽  
The United States ◽  
Human Capital Theory ◽  
Capital Theory ◽  
New Era ◽  
The United Kingdom ◽  
Bibliographic Search ◽  
Fundamental Research ◽  
Active Research ◽  
Capital Development

The authors review the development of the human capital theory with its four main stages in terms of components and the studied proxy variables: classical thoughts about investment in human capital, economic fundamental research in the field of human capital, research in the field of the theory of investment in human capital, the transformation of views on the theory of human capital. The established periodisation of the stages of human capital development shows that since 2010 a new era of human capital formation has been forming under changes in the paradigm of socioeconomic relations caused by the explosive growth of digital technologies and the pronounced individualisation of human labour, which has become less institutionalised. As a result of a bibliographic search, the authors found that more than half of the publications on human capital in the Scopus database (66.1%) cover the period from 2010 to 2020. The most active research in this area is conducted in the United States, the United Kingdom, China, Germany, and Russia. Research interests are expanding from socioeconomic sciences to computer science, engineering, the humanities, and environmental sciences.

scholarly journals Achievements against problems: for 60th anniversary of human capital theory

2021 ◽  
Vol 2021 (4) ◽  
pp. 7-14
Author(s):  
Elena Viktorovna Krasova
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Capital Accumulation ◽  
Human Capital Theory ◽  
60Th Anniversary ◽  
Human Capital Development ◽  
Capital Theory ◽  
Positive Effects ◽  
Structural Problems ◽  
Capital Development

The article considers the most important achievements of the human capital theory. Taking into account the theory’s versatility and ambiguity of approaches to its main theses, advisability of a systemic view on its evolution and role in modern science is indicated. The 60th anniversary of the official birth of the theory in 1962 was taken as a special reason for rethinking its achievements. There are given the main scientific human capital theory’s results, which expanded, deepened and supplemented the scientific knowledge over the period from the end XX century until the beginning of the XXI century. Among the results are the increasing importance of investments in human development, development of economic growth theories, classification and systematization of human productive qualities, development of interdisciplinary researches of human being and human capital, accumulation of empirical researches’ data bases, optimization of investment policies in different countries and regions, actualization of studying trends and problems in the field of science and education, development of futuristic ideas, extension of labor market researches, improvement of the personnel management theory and methodology. It has been emphasized that the existence of modern approaches to human capital development does not mean their widespread implementation in practice: an objective reality imposed by many factors does not always contribute to the effective use of individuals’ productive qualities. For Russia there are singled out the following factors: the economy’s structural problems, imbalances in supply and demand in the labor market, discrepancy between available human capital and quality of jobs, and some other factors that can neutralize positive effects of the human capital development.

VALUE-SEMANTIC ECONOMY

ASJ. ◽  
2020 ◽  
Vol 1 (40) ◽  
pp. 53-57
Author(s):  
A.V. Kurbatov A.V., ◽  
L.A. Kurbatova
Keyword(s):  
Human Capital ◽  
High Efficiency ◽  
Human Capital Development ◽  
Capital Theory ◽  
The Sustainable Development ◽  
External Resources ◽  
Internal Resources ◽  
Value Determination ◽  
High Dynamics ◽  
Capital Development

The continuing build-up in the speed of deepening of the global economic crisis, driven by just as fast drop in quantity of the external resources calculated per inhabitant of our planet, forces us to refer to internal resources in order to prevent the irreversible losses, to overcome the crisis and ensure the sustainable development. Beginning from the second half of the 20-th century, the hopes for efficient deployment of internal resources have been laid on the development of the human-capital theory. However, despite the intensive change in perception of the very concept of "human capital" and a wide scope of innovative models of its practical application, aimed at bringing the economy out of stagnation, the desired outcome is not achieved. The trend of transferring of the bulk of investments to human capital, at the expense of the share of investments spent on increased production, has proved insufficient. The analysis of causes of ultra-high risks of investments in increase of human capital has helped to determine that the models, which are used currently, do not take into account some of the fundamental patterns, which ensure the high efficiency of investment in human capital. Most of the models are based on application of the methods of situational governance, which, at best, have a short-term positive effect. This trend results from the insufficient awareness of managers of the fundamental patterns of human capital development, which deprives the investors of the possibility to benefit from the optimal combination of the situational governance with relevant long-term programs, which can steadily increase human capital. The researches of the fundamental patterns of human capital development have shown, that the main factor for achieving the high efficiency of investment in human capital is the correct organization of the processes of value determination of the subjects of economic activity and the transition from the value determination to value-semantic determination, thus ensuring guaranteed attainment of goals along with high dynamics of resources. The work presented here is dedicated to the method of managing the quality of human capital, which is hereafter referred to as value-semantic economy.

Career Development and Human Capital Theory: Preaching the “Education Gospel”

2020 ◽  
Author(s):  
Tristram Hooley
Keyword(s):  
Human Capital ◽  
Career Development ◽  
Education System ◽  
Historical Development ◽  
Human Capital Theory ◽  
Development Education ◽  
Capital Theory ◽  
Development Interventions ◽  
The Relationship ◽  
Alternative Relationships

This chapter analyses the relationship between career development, education, and human capital theory. It argues that education lies at the heart of our understanding of how individuals develop their careers and how purposeful career development interventions can support them in this endeavour. Career development services are most evident and accessible in the education system. This relationship is not accidental but is rooted in both the historical development of the field and in the importance of human capital theory to the ideology of both education and career development. The chapter finishes by critiquing the dependence of policymakers and advocates for the field on human capital theory and by considering alternative relationships that could be built between education and career development.

scholarly journals CEOs’ International Work Experience and Compensation

2021 ◽  
Author(s):  
Stefan Schmid ◽  
Sebastian Baldermann
Keyword(s):  
Human Capital ◽  
Empirical Analysis ◽  
Work Experience ◽  
Resource Dependence ◽  
Human Capital Theory ◽  
Work Experiences ◽  
Capital Theory ◽  
International Work ◽  
Executive Remuneration ◽  
To Receive

AbstractIn this paper, we study the effect a CEO’s international work experience has on his or her compensation. By combining human capital theory with a resource dependence and a resource-based perspective, we argue that international work experience translates into higher pay. We also suggest that international work experience comprises several dimensions that affect CEO compensation: duration, timing and breadth of stays abroad. With data from Europe’s largest stock market firms, we provide evidence that the longer the international work experiences and the more numerous they are, the higher a CEO’s compensation. While, based on our theoretical arguments, we expect to find that later international work experiences pay off for CEOs, our empirical analysis shows that earlier international work experiences are particularly valuable in terms of compensation. In addition, our data support the argument that maturity allows a CEO to take advantage of the skills, knowledge and competencies obtained via international experience—and to receive a higher payoff. With our study, we improve the understanding of how different facets of a CEO’s background shape executive remuneration.

ASSESSMENT OF UKRAINE'S HUMAN CAPITAL DEVELOPMENT IN WORLD RATINGS IN CONDITIONS OF SUSTAINABLE DEVELOPMENT

2018 ◽  
Author(s):  
Maryna Nochka ◽  
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
World Economic Forum ◽  
Highly Qualified ◽  
The World Bank ◽  
The World ◽  
World Economic ◽  
Capital Development ◽  
The University

The article is devoted to the analysis tools for assessing human capital based on world rankings in the context of sustainable development. The most famous world rankings of human capital, studied by such international organizations as the World Bank, the United Nations, the World Economic Forum, the University of Groningen in collaboration with the University of California at Davis and others, are considered. Quantifying human capital as the economic and social value of a skill set is measured through an index. Each organization makes measurements according to its own method. The application of different criteria and indicators for assessing human capital at the macroeconomic level is analyzed. The considered assessment methodologies are overwhelmingly based on statistical approaches. Analyzed the position of Ukraine in the world rankings in recent years in dynamics. It has been confirmed that these international ratings can be considered as a reflection of the state of human capital in Ukraine. Revealed quite high rating positions of Ukraine in comparison with other countries. The results allow us to conclude that there is insufficient government funding for the development of human capital. It is concluded that Ukraine needs to improve the quality of human capital as a leading factor in increasing the efficiency of the country's economy in the context of sustainable development. The study showed that the use of high-quality, highly qualified human capital leads to an improvement in the country's position in the world rankings.

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