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A Mathematical Economic Model of the Manpower Resource Potential and Cost Characteristics of Demographic Losses

Author

Listed:
  • Ketova, Karolina

    (Izhevsk State Technical University, Russia)

Abstract

A mathematical economic model of measuring a worker’s potential and cost-of-living is proposed. Two aspects of the problem of untimely loss of an average statistical demographic element are considered: loss of profit for the regional business system as a whole and the lost value for the family. An attempt is made to estimate the real age density distribution of demographic elements to take a more precise account of the age factor and the demographic dynamics as a solution to the problem. Calculations of cost characteristics of the demographic losses are carried out for the Udmurt republic

Suggested Citation

  • Ketova, Karolina, 2007. "A Mathematical Economic Model of the Manpower Resource Potential and Cost Characteristics of Demographic Losses," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 7(3), pages 80-94.
    • Handle: RePEc:ris:apltrx:0023
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    More about this item

    Keywords

    mathematical model; manpower; demography;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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