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Human Capital Theory in Connection with the Private and Public Rate of Return

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  • Petra Jílková

Abstract

This paper introduces and describes the concept of human capital theory in connection with the private, social and public rate of return to education. The main objective of this study is to provide a general reference to human capital theory, its historical development, and its major methodological progresses. The paper presents basic concepts in connection with the private, social and public rates of return to tertiary education and defines needs of the current system through the SWOT analysis. In the end of the paper, there are some the theoretical thesis of well known scientists and it is compared with OECD statistics for other countries of the EU/OECD.

Suggested Citation

  • Petra Jílková, 2016. "Human Capital Theory in Connection with the Private and Public Rate of Return," Ekonomika a Management, Prague University of Economics and Business, vol. 2016(4).
    • Handle: RePEc:prg:jnleam:v:2016:y:2016:i:4:id:292
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    References listed on IDEAS

    as
    1. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    2. George Psacharopoulos & Harry Anthony Patrinos, 2004. "Returns to investment in education: a further update," Education Economics, Taylor & Francis Journals, vol. 12(2), pages 111-134.
    3. Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66(4), pages 281-281.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Human capital; Lidský kapitál; Labour Management; Private Rates of Return to Education; Tertiary Education; Management trhu práce; Návratnost investice do vzdělání; Terciální vzdělávání;
    All these keywords.

    JEL classification:

    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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