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The Educational Dimension of the Human Capital

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  • Dana Ichim Somogyi

    (University of Oradea)

Abstract

The classic economy indicates the traditional production factors (labour, nature and technical capital) as responsible for continuing improvement of the economy, the currency theories emphasize the financial capital, so that the ideology of knowledge society would identify these factors in human capital and its creative, innovative potential. Financing education followed up by training in the professional field in order to increase the skills and knowledge of an individual supports economic growth, thus the need to develop a national strategies of the educational capital. Ongoing spending toward education and health are investments made specifically for the growth of economy and prosperity of the citizens. Studies confirm the strong links bounded by human capital and labour income and that there are variations of incomes according to the degree reached by an individual during the years spent for education and professional practice, the earnings increase according to educational degree.

Suggested Citation

  • Dana Ichim Somogyi, 2020. "The Educational Dimension of the Human Capital," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 390-394, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:390-394
    as

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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2020/Section%203/22.pdf
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    References listed on IDEAS

    as
    1. Jacob Mincer, 1993. "Studies In Human Capital," Books, Edward Elgar Publishing, number 316.
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    More about this item

    Keywords

    human capital; education; training;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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