Value of people – human capital in Serbia through the prism of educational attainment of young population Cover Image

Ljudski kapital u Srbiji sagledan kroz prizmu dostignutog nivoa obrazovanja mladih
Value of people – human capital in Serbia through the prism of educational attainment of young population

Author(s): Vlasta Kokotović Kanazir, Milena Panić, Marija Drobnjaković
Subject(s): Social development, Demography and human biology, Economic development
Published by: Институт друштвених наука
Keywords: human capital; education attainment; labor market; coefficient of human capital utilization; Serbia

Summary/Abstract: Human capital is an important determinant of individual and overall socio-economic development. In addition to economic parameters, human capital is significantly influenced by the level of formal and informal education attained. Previous research in this area has focused on formal education and the skills acquired concerning better positioning in the labor market. Accordingly, the main objective of the conducted research is to determine the state and level of educational attainment as prerequisite for the development of human capital in Serbia. This analysis is based on a set of indicators that represent the achieved educational attainment with special focus on the young population. It is conducted for the territory of Serbia, on municipal level, which enabled the categorization of municipalities according to educational attainment. Most municipalities in Serbia are characterized by insufficient educational attainment in the local context, or in general. For the purpose of the regional disparities identification,the coefficient of human capital utilization was created,in order to identify the mismatch between education attainmentand labor market demand. The research showsthat it is crucial to change the general perception ofdemographic problems and challenges, which will allowthe development of applicable and more realistic publicpolicies in the future.

  • Issue Year: 62/2024
  • Issue No: S1
  • Page Range: 105-129
  • Page Count: 25
  • Language: English
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