Education and labour market outcomes in Romania

Abstract:

Education plays a central role in preparing individuals to enter the labour market, by offering them the opportunity to improve and increase their amount of knowledge, skills and abilities. Considering this aspect, the purpose of our study is to identify and analyse the relationship that exists between the educational stock, as a measure of the quality, quantity and availability of human resources, and the labour markets’ outcomes in Romania.

In order to reach this goal, we have conducted an analysis of the secondary data offered by the specialized literature. These secondary sources included various statistical yearbooks and reports, as well as different scientific researches. The results of our study show that, in Romania, the level of education is positively linked not only to the employment rate but also to the income level.