Educational Attainment and Financial Well-being in Romania

Authors

  • Ana-Maria Zamfir National Scientific Research Institute for Labour and Social Protection
  • Anamaria Năstasă National Scientific Research Institute for Labour and Social Protection
  • Raluca Mihaela Molea National Scientific Research Institute for Labour and Social Protection

DOI:

https://doi.org/10.18662/rrem/14.1/531

Keywords:

Education, Financial well-being, social mobility, World Values Survey

Abstract

In contemporary societies, education facilitates social mobility and well-being of individuals. According to human capital theory, people who invest in themselves through education and training have improved chances of getting better jobs and gaining higher income (Becker et al., 1990; Woodhall, 1987). This paper aims to examine the effects of educational attainment on financial well-being in Romanian context. We analyse statistical data from the World Values Survey Wave 7 (sub-sample for Romania) collected from 1257 subjects. By exploring the relation between educational attainment and financial well-being, our results are relevant for better understanding the mechanisms linking human capital accumulation to monetary benefits and how these mechanisms work in relation to various individual and contextual factors.

Author Biographies

Ana-Maria Zamfir, National Scientific Research Institute for Labour and Social Protection

Head of Department

Anamaria Năstasă, National Scientific Research Institute for Labour and Social Protection

Departament "Education, vocational training and labour market", Researcher

PhD Student in University of Bucharest

Raluca Mihaela Molea, National Scientific Research Institute for Labour and Social Protection

Department "Education, vocational training and labour market", Researcher

References

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Published

2022-02-09

How to Cite

Zamfir, A.-M., Năstasă, A., & Molea, R. M. (2022). Educational Attainment and Financial Well-being in Romania. Revista Romaneasca Pentru Educatie Multidimensionala, 14(1), 491-503. https://doi.org/10.18662/rrem/14.1/531

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