EFFECTS OF EDUCATION ON UNEMPLOYMENT AND POVERTY IN ROMANIA
Autor (i): Andreea Claudia, Şerban
JEL: J24, I24, J21
Cuvinte cheie: education, unemployment, poverty, social exclusion, knowledge economy
Abstract:
Although it has always been a decisive factor of economic development, education is becoming increasingly important in today's societies characterized by a more dinamic rhythm of change. Individuals must face the new challenges of the labour market imposed by the new knowledge economy. Considering this conditions, equip individuals with the needed knowledge and skills is an important factor of the progress of the societies as a whole. This paper aims to analyze the positive implications of education on employment and unemployment in Romania. Education provides greater stability on the labour market, it guarantee decent income and increased opportunity to refocus quickly to other jobs requiring different knowledge which reduce the risk of poverty and longterm unemployment. The analysis aims to identify the differences in terms of education by residence area, age or gender and their implications on labour market.
Although it has always been a decisive factor of economic development, education is becoming increasingly important in today's societies characterized by a more dinamic rhythm of change. Individuals must face the new challenges of the labour market imposed by the new knowledge economy. Considering this conditions, equip individuals with the needed knowledge and skills is an important factor of the progress of the societies as a whole. This paper aims to analyze the positive implications of education on employment and unemployment in Romania. Education provides greater stability on the labour market, it guarantee decent income and increased opportunity to refocus quickly to other jobs requiring different knowledge which reduce the risk of poverty and longterm unemployment. The analysis aims to identify the differences in terms of education by residence area, age or gender and their implications on labour market.
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