ASSESSMENT OF HUMAN CAPITAL LEVEL USING THE UPGRADED HUMAN DEVELOPMENT INDEX
This article discusses the measurement of human capital using an indirect method of evaluation -the Human Development Index (HDI). Each year, UNDP experts present the HDI in Human development reports. The problem of improving the human development index is presented and solved by introducing new components in its structure - the unemployment index and the wage index. The aim of the study is to test the results of the modernized human development index on the example of the subjects of the Russian Federation. The key research methods are synthesis and comparative analysis, with the help of which the structure of the index is analyzed in detail; the method of selecting and processing a statistical database is applied; the graphical method is used to construct illustrative material, as well as the empirical method of research. The article presents the rating of Russian regions, compiled on the basis of the improved human development index. A comparative analysis of two methods of calculating the index is carried out - the UNDP method and the author`s method. Two methods of calculating the human development index are also analyzed in detail, their method is analyzed. It is clearly shown what changes occurred in the formulas for calculating the main indicators included in the structure of the human development index.
Keywords: human capital, human development, human development index, unemployment rate, education level, education index, longevity index, income index.
Highlights:
♦ the analysis of the main methodology for calculating the human development index, namely, a comparative analysis of two options for calculating the index: the first, which was used by UNDP until 2010, and the second, which is used from 2011 to the present;
♦ the author`s method for calculating the human development index is proposed, namely, the method of its modernization by introducing new components into the final formula - the wage index and the unemployment index; the choice of these indicators (the level of unemployment and wages) is explained in detail;
♦ a comparative analysis of the formulas for calculating the sub-indices included in the human development index is carried out, the author`s approach and the approach of the UNDP are considered;
♦ the final stage was the testing of the obtained index on the regions of Russia, the rating of the regions was compiled, and the dynamic development of the HDI for the period from 2010 to 2018 was demonstrated.
Regina P. Yakunina, Candidate of the Department of Logistics and Management of the Kazan National Research Technological University.