Measurement and Assessment of Human Capital for the Regional Labour Market

Abstract

Despite the rapidly growing bibliography and a relative scientific consensus, the measurement of human capital at different levels, degrees of detail, socio-economic traditions remains a topical issue due to the use of various conceptualisation, measurement and interpretation techniques. However, the results of obtaining and measuring human capital so far have fallen short of expectations for a number of reasons, some of which are addressed in this article. Considering the specificity and diversity of Russian regions, assessment of their human capital gained importance in Russian scientific discourse in both quantitative and qualitative research. The present study aims to examine the influence of significant factors, including those determining regional specificity, on the self-assessment of human capital for the labour market in different segments of the economically active population. To obtain data, a new (for Russian scientific discourse) method of asking a group of questions and measuring total human capital for the labour market was applied. The study used the authors’ database and identified groups of factors and their effect on the self-assessment of human capital in accordance with well-known theoretical propositions. As a result, the article explained the influence of both external (satisfaction with living in a region and trust in local authorities) and traditional factors on the quality of human capital for some categories of the working population on the example of a specific Russian region.