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Modern approaches and methods of measuring human capital


Gabdullin N.M.
(about the author)

Gabdullin Nail Maratovich – (Kazan Federal University)

Published in:
Russian Journal of Innovation Economics
– Volume 8, Number 4 (October-December 2018)

JEL classification: J20, J24, J29

Keywords: human capital, intangible capital, measurement of human capital, national wealth


Citation:
Gabdullin N.M. (2018). Modern approaches and methods of measuring human capital. Russian Journal of Innovation Economics, 8(4), 785-798. doi: 10.18334/vinec.8.4.39709


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Abstract:

There is no question that human capital measurement conceptual and methodical restrictions is critical to growth measurement of individual and national well-being. Analysis of various approaches and methods of measuring human capital is carried out in this article. This paper focuses on two human capital issues, which are considerations in choosing a human capital measure: the economic (monetary) measures of human capital, and non-economic (non-monetary) returns, relate to a whole range of benefits delivered by human capital investment. Through the income-based method, it has been proven that human capital is the largest component of national wealth for the Russian Federation.








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