Abstract

Studies of human capital at the present stage of human development are extremely relevant, since at present human capital is steadily transforming from a factor of economic development into a target for its sustainable development. The paper proposes the basic tool i.e. a new mathematical model for assessing the impact of human capital on social well-being and development of Russian society. It uses the interdependencies among the criteria of human capital and general development. The tool proposed in paper will be powerful for improving and increasing the quality of human capital, improving the social welfare of society, bringing the most effective innovative solutions to the economy. The Human Capital can be assessed in particular by publications, proceedings, and other types of knowledge representation on the websites. And also all this materials can be automatically placed in other databases, including in Elibrary which can also be a parameter of a model. The assessments of the impact of human capital on social well-being and the development of regions and countries can be obtained automatically on-line.

Highlights

  • Studies of human capital at the present stage of human development are extremely relevant, since at present human capital is steadily transforming from a factor of economic development into a target for its development

  • Many countries of the world are concerned about the issues of increasing labor productivity due to the efficient use of human capital in the context of the digital transformation of the economy and society, since the race for leadership in such a transformation does not forgive delays

  • Since the problems of assessing the effectiveness of the use of human capital in its new interpretation appeared with the development of information technologies, which are considered as a significant level for increasing productivity, we first began to study the return on investment in information and communication technologies (ICT)

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Summary

Introduction

Studies of human capital at the present stage of human development are extremely relevant, since at present human capital is steadily transforming from a factor of economic development into a target for its development. In [2], social well-being refers, in particular, to the following factors: average monthly cash income per capita, the share of the population’s expenses on food, its purchasing power, the share of the poor in the total population, the share of expenses on culture and recreation in the structure of all expenses, Gini coefficient (reflects inequality of incomes of the population), questionnaire assessment of the material situation of the population, average age of life, registered number (per 1000 people) of the diagnosis established for the first time in life, mortality per 100,000 people in road accidents, the number of suicides, mortality per 100,000 people from poisoning alcohol, the number of patients with alcoholism, the number of drug addicts per 100,000 people, a questionnaire on the state of health care, the number of homicides per 100,000 people, the number of recorded crimes, the number of victims of criminal acts per 1000 people, a questionnaire on the level of crime, a questionnaire on the level of confessional and national conflicts, the birth rate of the population (per 1000 people), the level of regional migration, the number of children without parents, etc Based on these indicators, a rating of regions for social welfare is built. They are able to allocate 2/3 of the funds for culture, housing, quality education and healthcare, as well as reserves for future investments

Materials and methods
The transformation of human capital in the digital economy
The leading role of education in the development of human capital
Teacher Counseling Support
Findings
Conclusion

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