Abstract
The article deals with pension investment as a special form of social pension capital. The authors of the article try to substantiate that in the modern scientific and social context the boundaries of understanding "human capital" are significantly expanding. The article, supported by the Russian Foundation for Basic Research, is based on the data of a full-scale sociological study of Russians (N=1050) on various aspects of pension investment and pension capital formation. In the course of the study, the authors managed to identify that at present the Russians demonstrate extremely low investment pension activity, the formation of pension capital is extremely delayed and correlates with the age of respondents. The population sees the government as the main source of future pension formation, but there is little trust in specific institutional forms of investment. Only financial instruments not related to direct investment are assessed positively by the population: work in the civil service, supervisory, military and law enforcement agencies, as well as receiving "white" salary. This research has recorded the unfavourable state of the social pension investment sphere. The low level of investment activity and lack of trust in institutional mechanisms of capital investment seem to be an extremely unfavorable signal for the pension future of broad social groups. From the sociological point of view, there is a need to develop relevant explanatory theories of investment changes, and from the side of state and investment institutions to develop relevant measures to correct the situation.
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