ASSESSMENT OF HUMAN CAPITAL LEVEL USING THE UPGRADED HUMAN DEVELOPMENT INDEX

Abstract

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.