Research Information System
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.593-602
From the beginning of the 20-th century, forming the knowledge economy, creating the human capital and providing the sustainable development on basis of the development of education arrange the priorities of the economical policy in the advanced countries of the world. Some researchers show that if all other factors are constant and the portion of population having the high education in structure of economically active population grows, it will raise the labour productivities and wages of all workers including the workers having the lower education level too. In this study international research methods have been investigated for the qualitative evaluation of educational system and comparison with the achievements of other countries. Based on world countries data, authors have comparatively analyzed the indicators characterizing the welfare of population such as income and wages influenced by the education. In the study the mode of life of population, including the relationship of between the income of the population and level of their educations have been investigated through the econometric modelling. Models have been realized by means of Eviews Software on based of data for the years 1996-2017.