The problem of the formation of human capital in Russia by the education system

Abstract

The purpose of the work was to assess the trends in the formation of human capi-tal in Russia by the education system. Trends in returns to education in contemporary Russia assessed by constructing econometric models of education premiums. We used data from the Russian Monitoring of the Health and Economic Situation of the Popula-tion (HSE RLMS) and data from the Survey of Wages by Occupation (OSS) of Rosstat. The obtained characteristics of the models showed that the main trend of change is a decrease in the level of return from higher, secondary vocational and secondary (full) education. Forecasting carried out using the characteristics of the obtained models. It has been established that secondary vocational and secondary (general) education will cease to bring any return, will cease to form the human capital of modern Russia in 2022-2024, higher education will cease to bring any return, will cease to form human capital modern Russia in 2040-2050. The problem of the education system losing the function of forming human capital is due to the problems of economics and education management.