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Time Spent for Education – A Key Resource in the Social and Economic Development

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  • Istrate, Georgeta-Marinela
  • Caragea, Nicoleta

Abstract

Education - in every sense - is one of the fundamental factors of development. It provides a foundation for the economic and social wellbeing. Time spent in education is the key to increasing economic efficiency and social consistency. Of all the resources, time is the most valued and it can be used most effectively. No country can achieve sustainable economic development without substantial investment in human capital. Education improves the quality of people’s lives and leads to broad social benefits to individuals and society. According to Gary S. Becker theory of time allocation, in this paper it is investigated some of the aspects concerning the relation between social and economical increasing and investments in human capital trough the role of time spent by Romanian people in education, training and other educational activities. Data used in this paper are generally provided by the time use survey.

Suggested Citation

  • Istrate, Georgeta-Marinela & Caragea, Nicoleta, 2011. "Time Spent for Education – A Key Resource in the Social and Economic Development," MPRA Paper 45505, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:45505
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    File URL: https://mpra.ub.uni-muenchen.de/45505/1/MPRA_paper_45505.pdf
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    References listed on IDEAS

    as
    1. Istrate, Georgeta-Marinela & Caragea, Nicoleta, 2008. "Time-Constraint and Socio-Demographic Characteristics of population in Romania," MPRA Paper 45504, University Library of Munich, Germany.
    2. Gary S. Becker, 1975. "Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, Second Edition," NBER Books, National Bureau of Economic Research, Inc, number beck75-1, January.
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    Cited by:

    1. Nicoleta CARAGEA-HREHORCIUC & Madalina TOCAN, 2011. "European typologies of time use – the social model approach," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(6), pages 1-11, October.
    2. Nicoleta Caragea-Hrehorciuc, 2008. "The work in Romania : an analysis of the macroeconomic perspective," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 42(5-6), pages 117-126.
    3. Istrate, Georgeta-Marinela & Caragea, Nicoleta, 2008. "Time Use and Work Arrangements in Romania," MPRA Paper 45506, University Library of Munich, Germany.
    4. Istrate, Georgeta-Marinela & Caragea, Nicoleta, 2010. "Working Time During the Economic Crisis and the Impact on Romanian Working Life," MPRA Paper 45503, University Library of Munich, Germany.
    5. Istrate, Georgeta-Marinela & Caragea, Nicoleta, 2009. "The Significance of the Individuals’ Time for Economic and Social Development," MPRA Paper 45498, University Library of Munich, Germany.

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    More about this item

    Keywords

    time use; LFS; work arrangements; working time; hours;
    All these keywords.

    JEL classification:

    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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