Age and Productivity. Human Capital Accumulation and Depreciation

Ruzik-Sierdzińska, Anna; Lis, Maciej; Potoczna, Monika; Belloni, Michele; Villosio, Claudia

doi:10.2139/ssrn.2354254

Cited by 2 publications

(1 citation statement)

References 76 publications

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“…The process of productivity loss is rather slow and strongly depends on both personal and professional features [27]. Research has shown that there is a pattern in labour productivity indices in different age groups, starting from a low of around 20% in the group aged 15-19 and rising to about 80% in the group aged 25-55 to fall below 20% at around the age of 65 [28].…”

Section: Methodsmentioning

confidence: 99%

Determining Value Added Intellectual Capital (VAIC) Using the TOPSIS-CRITIC Method in Small and Medium-Sized Farms in Selected European Countries

Polcyn

2022

Sustainability

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The purpose of this paper is to develop a modified method of measuring VAIC for small and medium-sized farms and to determine the relationship of this measure on farm area. The main objective will be implemented through the following specific objectives: (1) indication of the generating variables VA, VC, HC and SC, (2) determination of synthetic measures of VA, VC, HC and SC, (3) determination of CEE, HCE, SCE and VAIC and (4) to determine the relationship between the values obtained in objective 2 and 3 and the area of the farm. The analyses were carried out on data obtained from 2980 small and medium-sized farms from Lithuania, Poland, Romania, Moldova and Serbia. The determination of VAIC was carried out on the basis of synthetic measures determined by the TOPSIS-CRITIC method. VAIC was determined in accordance with the scheme proposed by Pulic. All data were converted to one hectare of farm area. The analysed farms were divided into four classes depending on the area. A contrast analysis was carried out between the designated classes. Analyses were conducted for each of the five countries separately. The alternative VAIC measurement method presented needs to be refined in terms of the selection of classified variables to create synthetic measures. The analysis indicates that it is feasible to measure VAIC through the use of alternative measures in the form of synthetic measures while at the same time preserving the principles resulting from the VAIC concept. The uniqueness of the method lies in the use of synthetic measures to determine VAIC in companies that do not possess complete accounting information. In addition, failures in the proposed method have been eliminated in terms of the method’s compatibility with human capital theory. The methodology used is an original approach to measuring the value of intellectual capital. In addition, it should contribute to the re-verification of the VAIC.

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Section: Methodsmentioning

confidence: 99%

Determining Value Added Intellectual Capital (VAIC) Using the TOPSIS-CRITIC Method in Small and Medium-Sized Farms in Selected European Countries

Polcyn

2022

Sustainability

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Eco-Efficiency and Human Capital Efficiency: Example of Small- and Medium-Sized Family Farms in Selected European Countries

Polcyn

2021

Sustainability

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Small- and medium-sized family farms are places to live and sources of income for about half of the population. The aim of this analysis was to determine the relationship between eco-efficiency and human capital efficiency on small- and medium-sized family farms. The analysis was carried out using an economic measure (value of agricultural production per work hour calculated per hectare) and two synthetic measures (human capital and environmental measures). The synthetic measures were determined using the TOPSIS-CRITIC method by defining weights for variables used in the measures. The analysis covered five countries: Lithuania (960 farms), Moldavia (532 farms), Poland (696 farms), Romania (872 farms) and Serbia (524 farms). All of these countries are characterised by a high fragmentation of agricultural holdings. The analysis allowed us to formulate the following conclusions: eco-efficiency and human capital efficiency indices increased with area for small- and medium-sized family farms. An increase in the eco-efficiency index with an increase in farm area suggests that the smaller the farm area, the more extensive the agricultural production that was carried out. In addition, an increase in human capital efficiency with an increase in farm area indicates that there was inefficiency in the utilisation of human capital resources on the agricultural farms studied.

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Age and Productivity. Human Capital Accumulation and Depreciation

Cited by 2 publications

References 76 publications

Determining Value Added Intellectual Capital (VAIC) Using the TOPSIS-CRITIC Method in Small and Medium-Sized Farms in Selected European Countries

Determining Value Added Intellectual Capital (VAIC) Using the TOPSIS-CRITIC Method in Small and Medium-Sized Farms in Selected European Countries

Eco-Efficiency and Human Capital Efficiency: Example of Small- and Medium-Sized Family Farms in Selected European Countries

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