Fetisov V.D.Lobachevsky State University of Nizhny Novgorod - National Research University, Nizhny Novgorod, Russian Federation Fetisov21@mail.ru
Importance Due to the crisis in the Russian finance and economy, the human capital issue has become more important. Objectives The aim of the study is to disclose the market content, financial mechanism, structure and real quantitative assessment of the human capital of Russia, identify ways to increase the efficiency of its use as an important factor of stability and economic growth under economy globalization. Methods I used empirical, systems, analytical, economic, and other methods of learning the socio-economic life of people. With the help of these methods, I research human capital as a phenomenon of modern society, underpin the market-based concept of human capital, disclose its structure, financial mechanism and basic principles of measurement methodology under the market economy globalization. Results I justify the market concept of human capital, describe its cost structure, financial mechanism of its functioning and major principles of measurement methodology in the modern conditions of the market economy globalization. Furthermore, I identify directions of reforming the human capital management. Conclusions and Relevance I conclude that human capital is a market-based financial and economic phenomenon having a financial mechanism of reproduction. The efficiency of human capital function depends on the level of economic literacy and the quality of personal financial management, the improvement of which at all levels of the economy (State, region, organization (company), and household) is the most important direction of stabilization and economic growth in Russia.
Keywords: human capital, finance, structure, valuation, financial management
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