| Abstract [eng] |
The aim of the Master's thesis is to analyze investment in the human capital and to evaluate their return. The hypothesis of the thesis is that the men's return of investment in higher education is bigger than women's. The conceptual thesis' section describes discussion issues of the human capital. The main elements of the human capital – abilities, knowledge, professional qualifications, skills and experience. The human capital can be presented in various aspects, and acquired in a variety of ways. Investments in the human capital can be into health, job search, migration, learning while working, for information retrieval and education. In the Master's thesis are discussed and analyzed investments in higher education. In the conceptual thesis section discussed investing in higher education benefits and costs. Both a State and a person while investing in higher education experience direct and indirect costs, and receive direct and indirect benefits. Methods of the return evaluation are given – the internal rate of return (IRR), a short period return revenue (ROR), the Mincer method. In the empirical part of the thesis were chosen methods of a short time period and internal rate of return, which assess investment in higher education. In the thesis was carried out investments' in the human capital returns by sex and occupation. The hypothesis of the thesis was confirmed; men's rate of return is higher than women's. One of the main factors which influence the rate of return, is that men despite the same education earn more than the opposite sex. It is noted in the research that despite the gender dimension, the investment's the rate of return in higher education is higher when a person experiences the smaller higher education costs and receive a higher salary. Comparing the obtained results by different methods, the results are different, the reason is that applying the internal rate of return method, cash flows have been discounted. In the empirical part of the thesis were compared not only different methods' results, but also the obtained results with the internal rate of return of other countries; the analysis showed Lithuanian IRR rate is equal to OECD average. |
