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Disbelief in Future and Investment in Capital Health: Analysis on the Base of the Students' Poll

Student: Oksana Suvorova

Supervisor: Ivan V. Rozmainsky

Faculty: St.Petersburg School of Economics and Management

Educational Programme: Applied Economics and Mathematical Methods (Master)

Year of Graduation: 2018

This paper is motivated by the fact that social life in post-Soviet Russia is characterized by extremely low life expectancy. According to Ivan Rozmainsky the main reason for decreasing life expectancy in Russia is the negative investment in Capital Health, which is caused by phenomena such as "Disbelief in the Future" expressed in increase in the demand for alcohol products and cigarettes. The goal of this research is to test the hypothesis that "Disbelief in the Future" is the cause of negative investment in Capital Health, resulting in a growing propensity to drink alcohol and use tobacco, while at the same time engagement in sports is decreasing. The hypothesis was tested on the basis of data collected via a survey of respondents by constructing econometric models. The results of the research do not reject the testing hypothesis and open up prospects for further research.

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