Investments in Human Capital in Romania

Florentina Moisescu (), Madalina Cosmina Manole () and Cristina Georgiana Dascaleanu ()
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Florentina Moisescu: Faculty of Economics and Business Administration, Dunarea de Jos University of Galati, Romania
Madalina Cosmina Manole: Faculty of Economics and Business Administration, Dunarea de Jos University of Galati, Romania
Cristina Georgiana Dascaleanu: Faculty of Economics and Business Administration, Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2012, issue 3, 71-78

Abstract: The human capital represents the most important investment made both by state and companies and also individually for the education and development of skills, knowledge, qualifications and capabilities of individuals, in order to obtain various incomes from certain economic activities. Both the expenses made for education and long term benefits influence the value of the investment in education. The analysis performed on the Romanian economy shows that between the educational level and the income, there is a positive relationship as the one, that numbers are showing with no doubt, between the manpower occupancy and the education period (the amount of investments in human capital). Therefore, the analysis of the Romanian labor market shows that the most affected by unemployment are the individuals with a modest education level while persons with a university degree suffer less from this phenomenon.

Keywords: Human resources; Education quality; Educational services; Training; Investing in people; Educational system (search for similar items in EconPapers)
JEL-codes: O15 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2012:i:3:p:71-78

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