publication . Article . 2009

OPPORTUNITY COST OF EDUCATIONAL HUMAN CAPITAL INVESTMENT. APPLICATION FOR THE POSITION OF BENEFICIARY-INVESTOR

Florea Voiculescu;
Open Access
  • Published: 01 Jan 2009 Journal: Annales Universitatis Apulensis Series Oeconomica, volume 2, issue 11, pages 15-15
Abstract
The present paper focuses on providing a model of applying the opportunitycost concept on investments in human educational capital. In the first part we haveshown that the real costs of educational capital investment does not involve direct andindirect educational costs only but also the opportunity costs, i.e. the earnings that arelost by choosing to invest in education (and not in something else). From our researchthere results the fact that the share of the opportunity cost within the total of theinvestment in educational capital is 60% that is a great share in rapport with other typesof investments. Further on, we have shown that the recovery of the investme...
Subjects
free text keywords: opportunity cost, educational human capital, investment in education, jel:I, jel:A
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