+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






Regional Economics: Theory and Practice

The volume and structure of family investment in young people's health in contemporary Russia

Vol. 13, Iss. 7, FEBRUARY 2015

Available online: 9 February 2015

Subject Heading: Social sphere

JEL Classification: 

Pages: 49-57

Antonenko V.V. Volgograd State University, Volgograd, Russian Federation

Importance Health is a key element of an individual's human capital, because human health directly determines how effectively an individual can work, earn income for himself, his employer, the State, or other entities. Therefore, the cost of individual's health support is an essential and integral part of human capital investment. However, there is a practice of irrational investment of monetary and other means and resources in the human capital of the today's Russian youth by all actors of the considered investment process: from an individual or a family to the State. The non-optimal ratio of investments and the obtained results show this trend.
     Objectives The research aims to investigate the real economic efficiency of human capital investment of today's Russian youth. The scientific novelty of this research lies in the fact that this kind of comprehensive studies has not been carried out in the Russian Federation. Only general aspects of the formation of human capital of an individual, enterprise, region or country have been examined.
     Methods As for methodological tools, I have used a sample interview of the Volgograd region's residents having children aged from 14 to 22. The article analyzes the efficiency of human capital investment of the modern Russian youth by estimating the ratio of invested money and resources by the main investors and the beneficial effects from the investment, which are understood as both the economic effect (an increase in income of all subjects) and the non-economic or social effect.
     Results In the course of the research, I have obtained representative data on the structure and volume of investments of a typical Russian family in young people's health. I prove that increased investment in health by families in their economically dependent members aged from 14 to 22 is an important resource for improving the quality of the Russian youth's human capital.
     Conclusions and Relevance The findings enable to identify the potential for enhancing the efficiency of human capital investment and to make specific recommendations at all levels (for all investors).

Keywords: regional human capital, region, youth, health, investment, investor, efficiency, elements


  1. Aslanov D.I. Glavnoe bogatstvo cheloveka. Investitsionnaya sostavlyayushchaya kapitala zdorov'ya [The main wealth of a man. An investment component of the health capital]. Kreativnaya ekonomika = Journal of Creative Economics, 2011, no. 12, pp. 90–95.
  2. Bagirova A.P. Semeinye investitsii v budushchii chelovecheskii kapital: aktualizatsiya problemy okupaemosti v rossiiskikh usloviyakh [Family investment in the future human capital: updating a payback problem under the Russian conditions]. Finansy i kredit = Finance and credit, 2010, no. 33, pp. 49–54.
  3. Boldyreva G.E. Problemy otsenki ispol'zovaniya regional'nogo chelovecheskogo kapitala [Problems of evaluation of the use of regional human capital]. Mikroekonomika = Microeconomics, 2013, no. 6, pp. 73–76.
  4. Goncharov V.V. Rol' sem'i kak sotsial'nogo instituta v sokhranenii i razvitii rossiiskoi gosudarstvennosti [A role of the family as a social institution in preserving and promoting the Russian statehood]. Semeinoe i zhilishchnoe pravo = Family and housing law, 2010, no. 1, pp. 34–38.
  5. Gorbachev V.P. Sovremennye problemy investitsii v chelovecheskii capital [Contemporaneous issues of human capital investment]. Vlast' = Authorities, 2013, no. 1, pp. 54–57.
  6. Gratsinskaya G.V., Puchkov V.F. Regional'nye osobennosti tselenapravlennogo formirovaniya chelovecheskogo kapitala [Regional features of purposeful human capital formation]. Zhurnal pravovykh i ekonomicheskikh issledovanii = Journal of Legal and Economic Studies, 2014, no. 1, pp. 177–181.
  7. Dzhandar S.Kh. Chelovecheskii kapital kak faktor razvitiya sovremennoi ekonomiki [Human capital as a factor of modern economy’s development]. Novye tekhnologii = New technologies, 2013, no. 1, pp. 94–96.
  8. Dichkovskii A.A. Chelovecheskii kapital kak faktor ekonomicheskogo rosta [Human capital as an economic growth factor]. Fundamental'nye i prikladnye issledovaniya: problemy i rezul'taty = Basic and applied research: challenges and results, 2014, no. 11, pp. 183–191.
  9. Dumanova S. Investitsii v sebya [Investing in yourself]. Kreativnaya ekonomika = Journal of Creative Economics, 2009, no. 10, pp. 3–8.
  10. Kasaeva T.V. Resurs zdorov'ya v funktsionirovanii chelovecheskogo kapitala: teoriya i praktika [Health resource in human capital functioning: theory and practice]. Pyatigorsk, PSLU Publ., 2010, 198 p.
  11. Kiseleva L.S. Zdorov'e kak ekonomicheskii resurs [Health as an economic resource]. Tyumen, TumSOGU Publ., 2011, 222 p.
  12. Lenkovets O.M., Sin'kov L.S. Investitsii v razvitie chelovecheskogo kapitala kak faktor povysheniya konkurentosposobnosti Rossii v ramkakh ustoichivogo razvitiya [Investment in human capital development as a factor to enhance the Russian competitiveness within the framework of sustainable development]. Problemy sovremennoi ekonomiki = Problems of Modern Economy, 2014, no. 1, pp. 55–58.
  13. Lepikhina T.L., Karpovich Yu.V. Sotsial'noe i ekonomicheskoe znachenie zdorov'ya rabotnikov kak faktora nakopleniya chelovecheskogo kapitala predpriyatiya [Social and economic importance of employees’ health as a factor of human capital accumulation of an enterprise]. Sovremennye tekhnologii upravleniya = Modern control technologies, 2013, no. 1, pp. 25–29.
  14. Luk'yanchikova T.L. Investitsii i sotsial'no-ekonomicheskie granitsy vosproizvodstva trudovogo kapitala [Investment and the socio-economic boundaries of labor capital reproduction]. Zhurnal ekonomicheskoi teorii = Journal of Economic Theory, 2011, no. 2, pp. 126–134.
  15. Mamedova S.K. Mekhanizmy innovatsionnogo finansirovaniya sfery zdravookhraneniya [Mechanisms of innovative financing of healthcare]. Finansy i kredit = Finance and credit, 2012, no. 34, pp. 70–73.
  16. Morova A.P. Investitsii v chelovecheskii kapital i sotsial'nuyu infrastrukturu [Investment in human capital and social infrastructure]. Sotsiologicheskie issledovaniya = Sociological Studies, 1998, no. 9, pp. 72–77.
  17. Novikova V.F. Investitsii v chelovecheskii kapital v Rossii kak faktor sotsial'no-ekonomicheskogo razvitiya strany [Investment in human capital in Russia as a factor of socio-economic development of the country]. Sovremennye tekhnologii upravleniya = Modern control technologies, 2014, no. 2, pp. 24–28.
  18. Panina E.V. Model' semeinoi politiki kak indikator urovnya investitsii v chelovecheskii kapital [A model of family policy as an indicator of the level of human capital investment]. Ekonomika ustoichivogo razvitiya = Economics of Sustainable Development, 2014, no. 2, pp. 197–205.
  19. Rudenko M.N., Shnurenko A.V. Investitsii v chelovecheskii kapital v Rossii [Investment in human capital in Russia]. Problemy sovremennoi ekonomiki (Novosibirsk) = Problems of modern economy (Novosibirsk), 2010, no. 2-2, pp. 124–129.
  20. Timofeeva G.V., Mushketova N.S. Rynok obrazovatel'nykh uslug vuzov: analiz predlozheniya i sprosa [The market of educational services provided by higher schools: an analysis of supply and demand]. Ekonomicheskii analiz: teoriya i praktika = Economic analysis: theory and practice, 2014, no. 27, pp. 44–55.

View all articles of issue


ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 22, Iss. 7
July 2024