INTERDEPENDENCE OF HDI AND BUDGET REDISTRIBUTION WITHIN THE SCANDINAVIAN AND EUROPEAN SOCIAL MODELS

Abstract

The role of human capital is becoming more and more actual nowadays. The innovational economies require the certain level of its development and it becomes of primary importance to correspond to these requirements. The necessary level of human capital development puts forward the certain requirements to the social sphere supporting its progress. In its turn, the social sphere fully depends on GDP redistribution. The article considers the way of redistribution of taxes for social system funding and its impact on the human capital development. The research is performed within the Scandinavian and European Social Models.

DOI: http://dx.doi.org/10.5755/j01.em.18.3.4220