Title: Theoretical and empirical analysis of human capital in the context of the Polish labour market condition

Authors: Katarzyna Brożek; Beata Poteralska; Joanna Łabędzka

Addresses: Faculty of Law and Social Sciences, Management Institute, Jan Kochanowski University of Kielce, 15 Uniwersytecka Street, 25-406 Kielce, Poland ' Faculty of Law and Social Sciences, Management Institute, Jan Kochanowski University of Kielce, 15 Uniwersytecka Street, 25-406 Kielce, Poland ' Faculty of Law and Social Sciences, Management Institute, Jan Kochanowski University of Kielce, 15 Uniwersytecka Street, 25-406 Kielce, Poland

Abstract: The aim of the article was to identify statistically significant determinants of human capital influencing the condition of the labour market in Poland. The resources of public statistics were used to collect the empirical data. The collected data was developed using the technique of estimating the structural parameters of the regression function using the classical method of least squares (LSM). Due to the diversity of human capital factors, four thematic areas were identified, defined by 11 predictors describing the attributes of human capital. All the variables turned out to be statistically significant and had a positive effect on the improvement of the labour market condition in Poland, measured by the unemployment rate. The practical implication of the study was to obtain information about the significance level of the studied variables. This allowed us to conclude which attributes of human capital have the greatest impact on the situation on the labour market.

Keywords: human resource management; labour market; statistical and econometric analysis; Polish economy.

DOI: 10.1504/IJEBR.2025.145862

International Journal of Economics and Business Research, 2025 Vol.29 No.3/4/5, pp.325 - 348

Received: 17 Aug 2022
Accepted: 03 Mar 2023
Published online: 30 Apr 2025 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article