Quality of life of the youth: assessment methodology development and empirical study in human capital management

Abstract

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.

Workplace violence: Gender and age factors in the search for religious spiritual assistance

“…In this context, greater impact of physical and verbal aggression was more often mentioned by younger women. These findings are in line with the results obtained in survey in SMEs segment by Bilan et al (2020), particularly, regarding the career opportunities and remuneration, which are important in subjective perception of quality of life of younger employees (Tvaronavičienė et al, 2021). To some extend negative consequences for women rights violation can be mitigated using technologies of telework (Raišienė et al, 2021).…”

Self-employment and over-indebtedness in Poland: Modelling income and debt repayments distribution

“…Previous research results show that there is a significant positive relationship between self-employment and happiness, life satisfaction (Crum & Chen, 2015;Johansson Sevä et al, 2016), and job satisfaction (Benz & Frey, 2008;Blanchflower, 2004). These relations are especially obvious for younger groups of employed which prefer higher independence to plan and maintain the work-life balance instead of incomes stability (Tvaronavičienė et al, 2021). On the other hand, some studies indicate the opposite effect: self-employment is associated with predominantly negative well-being effects (Bencsik & Chuluun, 2021).…”

Interdependence between human capital determinants and economic development: K-means regional clustering approach for Czechia and Poland

“…In this regard some groups of the population are more sensitive to the living and working environment. First of all, it is typical for well-educated youth (Tvaronavičienė et al, 2021) whose perception of wellbeing should be measured with special attention to prevent the negative consequences in demographic sphere. Human capital migration is most often analysed in terms of push and pull factors (Zikic, 2015).…”