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Abstract

In the present study the author intend to discuss the role of education in economy and the relationship between education and the current state of Hungarian labor market. Education became one of the largest sub-systems of modern societies in the past century. One of the most important endeavors of employment policy, according to Galasi, is to establish stronger harmony between training and employment. The key for the reduction of unemployment is that training should better serve labor market demands. We are astoundingly under informed about how a degree is exploited on the labor market, what is the expected time of the return of a certain qualification, and which degrees do not prevail without the return of investment.

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