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Investments in Human Capital in Romania

Author

Listed:
  • 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)

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.

Suggested Citation

  • Florentina MOISESCU & Madalina Cosmina MANOLE & Cristina Georgiana DASCALEANU, 2012. "Investments in Human Capital in Romania," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 71-78.
    • Handle: RePEc:ddj:fseeai:y:2012:i:3:p:71-78
    as

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    File URL: http://www.ann.ugal.ro/eco/Doc2012.3/Moisescu_Manole_Dascaleanu.pdf
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    References listed on IDEAS

    as
    1. Colm Harmon & Hessel Oosterbeek & Ian Walker, 2000. "The returns to education : a review of evidence, issues and deficiencies in the literature," Open Access publications 10197/670, School of Economics, University College Dublin.
    2. Florin Marian BUHOCIU & Raducan OPREA & Valentin Marian ANTOHI, 2010. "Analysis of Main Social Indicators Developments Regarding Labour Market in 2007-2009 in Romania," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 109-116.
    3. Nicoleta Barbuta-Misu, 2012. "Influence the capital structure on the cost of capital and enterprise value in multinationals," EuroEconomica, Danubius University of Galati, issue 4(31), pages 7-20, November.
    4. Gary S. Becker, 1994. "Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition," NBER Books, National Bureau of Economic Research, Inc, number beck94-1, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Nicoleta BARBUTA-MISU, 2013. "The Effect of Leverage on Profitability of Pharmaceutical Companies," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 45-52.

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    More about this item

    Keywords

    Human resources; Education quality; Educational services; Training; Investing in people; Educational system;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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