EUROPEAN CONTEXT EMPIRICAL ANALYSIS OF THE QUALITY OF LIFE FROM THE PERSPECTIVE OF HUMAN CAPITAL IN ROMANIA

Abstract

Human capital is of particular importance for political decision-makers in addressing various aspects, such as: economic growth, quality of life, social cohesion and progress, as well as sustainable development. The (reciprocal) relationship between education/human capital and the quality of life is a positive influence of education on individual and social well-being. Throughout this paper we explore the question of how quality of life and its various dimensions have evolved, taking into account the dimension of sustainable development while measuring progress and improving conventional measurements. The purpose of this paper is to provide an image of the quality of life in Romania in the context of European countries from the perspective of education. For this purpose, we propose an evaluation of the quality of life of European countries by means of socio-economic indicators Human Development Index (HDI), Life expectancy at birth, Quality of life Index (QOL), Average rating of satisfaction over a period of time 2013- 2020 that include sub-indicators such as the level of education, also examining whether education influences the quality of life. The structure of the paper is as follows. Section 1- Introduction to the subject of the study; Section 2 - introduces the concept of quality of life in the context of education and investment in human capital as well as the specialized literature; Section 3 - The research methodology which consists in the analysis of social indicators in the European and national context in the time horizon 2013-2021 and the last section - discussions and conclusions