THE RELATIONSHIP BETWEEN EDUCATION, EMPLOYMENT AND INCOME

Abstract

The issue of interrelationships between education, employment and the level of income evaluation is a cross-cutting nature, where the economic, social, political and legal levels are intertwined. Its broader context predicts its thematic coverage. The article presents preliminary results of the mutual relationship between acquired skills and the level of education achieved and the ability of the individual to become involved in the labor market. The aim of the article is to determine, using statistical and analytical methods, the correlation between the employment rate and the level of education attained in the EU countries and within the territory of the Slovak Republic. On the basis of the initial analysis the authors aim to answer the question if university graduates achieve higher incomes than secondary-educated people. Eventually they try to propose solutions and measures that are necessary for increasing the level and value of human capital, especially in the Slovak Republic.