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Educational Resources And The Invesment In Human Capital In Pre-Universitary Studies

Author

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  • ANDONE Luminiţa

    (Doctoral School, Faculty of Economic Sciences, University of Oradea, Romania)

Abstract

The purpose of this research paper is to address the need to finance Romanian education considering the changes that have occurred or are about to take place in this field, both in terms of providers and beneficiaries of educational services, as well as in terms of the content and material basis inherent in the teaching of new content and teaching methods. Highlighting the changes and linking them to the costs they entail, reveals the need to rethink educational policies regarding a new funding model focused on spending targets and expected results. Investment in human capital is identified as economic value for individuals, institutions and society. The effects of these investments produce global economic mechanisms. The human capital theory extends the concept of capital, starting from the education-qualification, skills-earnings relationship. Expenditure on formal education, adult education, education services in various areas that help individuals to get into the labor market is considered an investment in human capital.

Suggested Citation

  • ANDONE Luminiţa, 2020. "Educational Resources And The Invesment In Human Capital In Pre-Universitary Studies," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 15-27, December.
    • Handle: RePEc:ora:journl:v:1:y:2020:i:2:p:15-27
    as

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    File URL: http://anale.steconomiceuoradea.ro/volume/2020/n2/002.pdf
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    References listed on IDEAS

    as
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    4. Ion Petrescu, 2003. "Managementul personalului organizatiei," Expert Books, The Expert Publishing House, edition 1, number 973817788, Winter.
    5. Jacob A. Mincer, 1974. "Age and Experience Profiles of Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 64-82, National Bureau of Economic Research, Inc.
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    7. Solomon Fabricant, 1959. "Basic Facts on Productivity Change," NBER Books, National Bureau of Economic Research, Inc, number fabr59-1.
    8. Barr, Nicholas, 2001. "The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State," OUP Catalogue, Oxford University Press, number 9780199246595.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    education; resources; finance; investment; human capital;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education

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