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Education and Crisis

  • Marius-Cristian PANĂ

    (Bucharest Academy of Economic Studies)

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    The actual economic crisis reveals the problems within the public educational system. The malfunctions of this sector are augmented by the special significance of education for society and economic system. The modern theories of human capital emphasize the state’s important role in financing education. On this basis, education seems to be the best solution in solving society and economy’s different problems. That’s why I consider that economic crisis is also the crisis of education. This paper aims to emphasize this argument underlying also the need for structural reform within the public educational systems.

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    Article provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.

    Volume (Year): XVIII(2012) (2012)
    Issue (Month): 5(570) (May)
    Pages: 145-156

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    Handle: RePEc:agr:journl:v:5(570):y:2012:i:5(570):p:145-156
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    1. Dolton, Peter J. & Silles, Mary A., 2008. "The effects of over-education on earnings in the graduate labour market," Economics of Education Review, Elsevier, vol. 27(2), pages 125-139, April.
    2. Edward Glaeser & Giacomo Ponzetto & Andrei Shleifer, 2007. "Why does democracy need education?," Journal of Economic Growth, Springer, vol. 12(2), pages 77-99, June.
    3. Kevin Milligan & Enrico Moretti & Philip Oreopoulos, 2003. "Does Education Improve Citizenship? Evidence from the U.S. and the U.K," NBER Working Papers 9584, National Bureau of Economic Research, Inc.
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