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Competence and economy: International adult literacy assessments, knowledge capital and economic performance
39-50Views:5After reviewing the measurement of adult literacy (IALS and PIAAC), the paper examines how its outcome – referred to as knowledge capital – differs from human capital. The paper also analyses the relationship between adult literacy and economic performance, briefly highlighting the debates surrounding this issue. In addition, the article examines the relationship between knowledge capital and economic development in Hungary. Finally, the study discusses adult education as a possible policy response. The analysis points to the relatively weak performance of Hungarian adult literacy competence in international comparison. This highlights the potential importance of adult education in improving competitiveness, employability, and democratic participation.
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Is it Worth Getting a Doctorate?
142-149Views:272PhD training is part of the global education competition. The number of doctoral students per 100,000 people is a feature that moves together with the scientific performance of a country. Thus, doctoral training is an important element of a country’s innovation, in which Hungary is lagging behind. We assume that the main reason for the limited amount of doctoral students in Hungary is the low level of individual demand for training which, in turn, is due to the fact that the academic career of doctoral students promises low earnings compared to the placement of university graduates in other spheres. The earnings test and life earnings analysis presented by the study support this assumption: the earnings of those entering academically qualified academic careers are significantly lower than those of graduates working in the corporate sector. Though there are limitations present which impede the generalizability of these results, it does call to attention important trends to be acknowledged in future research.