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

Karolina Ketova ()
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Karolina Ketova: Izhevsk State Technical University, Russia

Applied Econometrics, 2007, vol. 7, issue 3, 80-94

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

Keywords: mathematical model; manpower; demography (search for similar items in EconPapers)
JEL-codes: C02 J11 J32 (search for similar items in EconPapers)
Date: 2007
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