Quality of life of the youth

Assessment methodology development and empirical study in human capital management

Bibliographic Data

ID15068331
AuthorsManuela Tvaronavičienė (0000-0002-9667-3730, Department of Business Technologies and Entrepreneurship, Vilnius Gedominas Technical University, Vilnius, Lithuania), Nataliia Mazur (0000-0001-8673-5873, National University of Water and Environmental Engineering), Halyna Mishchuk (0000-0003-4520-3189, National University of Water and Environmental Engineering), Y Bilan (0000-0003-0268-009X, Rzeszów University of Technology, corresponding author)
Year2022
Volume35
Issue1
Pages1088-1105
Publication date2022-12-31
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2021.1956361
OpenAlexW3187774128
LanguageEN
Citations received14
References cited44

Based on existing approaches to assessing the quality of life and similar concepts in human capital management, a quality of life index for young people is proposed. It takes into account the factors of four groups that determine the subjective satisfaction with the quality of life: Economic environment; Socio-political environment; Social environment; Natural environment. Partial factors and their corresponding quality of life indicators are adapted to the assessments of young people, whose needs and interests differ significantly from other age groups due to differences in the values of generations and features of economic activity at a young age. The methodology developed by the authors is based on taking into account subjective assessments of the level of satisfaction with quality of life factors, as well as their importance based on the determination of weights. As a result of testing the methodology, it was found that the most important factors for a positive perception of quality of life are the social environment, in particular, family relationships and health. Economic and environmental factors have approximately the same effect. Socio-political environment factors have the least influence. Due to material well-being and the quality of socio-political life, satisfaction with the life of employed youth is slightly higher (by 3%). Instead, respondents who do not work are more satisfied with social comfort. The integrated index of quality of life of the interviewed youth is 3,438 points out of 5 maximum. The methodology and results of the assessment are useful for the development of national and regional programs and strategies of human capital development due to increase the level of satisfaction of material, spiritual and cultural needs of young people

Business · Economic growth · Economics · Empirical research · Human capital · Statistics · Mathematics · Psychological and Temporal Perspectives Research · Psychological Well-being and Life Satisfaction · Psychology · Socioeconomic and Demographic Analysis