J 2022

Education as a returnable investment for both individuals and the whole society

ZAPLETAL, Ladislav; Ludvík JUŘÍČEK and Olga VOJTĚCHOVSKÁ

Basic information

Original name

Education as a returnable investment for both individuals and the whole society

Authors

ZAPLETAL, Ladislav (guarantor); Ludvík JUŘÍČEK and Olga VOJTĚCHOVSKÁ (203 Czech Republic, belonging to the institution)

Edition

Socioekonomické a humanitní studie, 2022, 1804-6797

Other information

Language

English

Type of outcome

Article in a journal

Field of Study

50300 5.3 Education

Country of publisher

Czech Republic

Confidentiality degree

is not subject to a state or trade secret

References:

Organization unit

AMBIS University

Keywords in English

Capital investment; education; job market; qualification; tuition fees

Tags

Changed: 31/3/2023 00:11, Bc. Olga Puldová

Abstract

In the original language

The latest analyses done by the OECD based on many years of experience show very clearly that education plays an important role in economic growth. It has been proved that the last one year of education plus results in an annual production increase of 4–7 per cent per person. It means that raising the share of university educated people in a society is one of the essential conditions for its prosperity even at the cost of introducing tuition fees.