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Is it worthy to invest in our own human capital in the Czech Republic?
Čepeláková, Lenka ; Kameníček, Jiří (advisor) ; Polyák, Oliver (referee)
i Title: Is it worthy to invest in our own human capital in the Czech Republic? Author: Lenka Čepeláková Department: Institute of Economic Studies Supervisor: PhDr. Jiří Kameníček, CSc. Supervisor's e-mail address: kameni@fsv.cuni.cz Abstract: The main objective of the thesis is to assess the investment in hu- man capital and its usage for employees and employers. Regarding the economic principles of Gary Becker, the paper tries to prove financial and non-financial benefits resulting from higher education in comparison with basic and secon- dary education. In essence, it analyzes the educational system in the Czech Republic, the theory of investment in human capital, costs and benefits of higher education and it determines the rate of return on education. The reader is supposed to obtain a fundamental orientation concerning this issue, inclu- ding the economic justification of the requirement to reach the highest possible education as a way to succeed on the labor market. Keywords: Human capital, investments, rate of return to investment in edu- cation, wages, higher education Length of the thesis: 85 472 chars.
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The Impact of the Macroeconomic Environment on Insurance Companies
Čepeláková, Lenka ; Jakubík, Petr (advisor) ; Brechler, Josef (referee)
i Abstract: This thesis assesses the impact of economic, institutional and demographic factors on the life and non-life gross written premiums of insurance companies. A dynamic panel data regression using the system generalized method of mo- ments is applied on data of 29 European countries collected by EIOPA covering the period from 2005 to 2013. The results reveal that economic and institutio- nal factors drive both life and non-life insurance industry. On the other hand, we cannot confirm that demographic factors are significant determinants of the growth in GWPs. Subsequently, the hypothesis that there are substantial cross-countries differences among the importance of different macroeconomic determinants on the insurance sector development is explored and confirmed. This work shines new light on the development of the quantitative macro- prudential framework used to determine different economic scenarios affecting insurance companies' balance sheets. Moreover, a broader set of panel data and more variables explaining the growth in insurance sector bring new contributi- ons to the current discussion in academic literature.
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The Impact of the Macroeconomic Environment on Insurance Companies
Čepeláková, Lenka ; Jakubík, Petr (advisor) ; Brechler, Josef (referee)
i Abstract: This thesis assesses the impact of economic, institutional and demographic factors on the life and non-life gross written premiums of insurance companies. A dynamic panel data regression using the system generalized method of mo- ments is applied on data of 29 European countries collected by EIOPA covering the period from 2005 to 2013. The results reveal that economic and institutio- nal factors drive both life and non-life insurance industry. On the other hand, we cannot confirm that demographic factors are significant determinants of the growth in GWPs. Subsequently, the hypothesis that there are substantial cross-countries differences among the importance of different macroeconomic determinants on the insurance sector development is explored and confirmed. This work shines new light on the development of the quantitative macro- prudential framework used to determine different economic scenarios affecting insurance companies' balance sheets. Moreover, a broader set of panel data and more variables explaining the growth in insurance sector bring new contributi- ons to the current discussion in academic literature.
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Is it worthy to invest in our own human capital in the Czech Republic?
Čepeláková, Lenka ; Kameníček, Jiří (advisor) ; Polyák, Oliver (referee)
i Title: Is it worthy to invest in our own human capital in the Czech Republic? Author: Lenka Čepeláková Department: Institute of Economic Studies Supervisor: PhDr. Jiří Kameníček, CSc. Supervisor's e-mail address: kameni@fsv.cuni.cz Abstract: The main objective of the thesis is to assess the investment in hu- man capital and its usage for employees and employers. Regarding the economic principles of Gary Becker, the paper tries to prove financial and non-financial benefits resulting from higher education in comparison with basic and secon- dary education. In essence, it analyzes the educational system in the Czech Republic, the theory of investment in human capital, costs and benefits of higher education and it determines the rate of return on education. The reader is supposed to obtain a fundamental orientation concerning this issue, inclu- ding the economic justification of the requirement to reach the highest possible education as a way to succeed on the labor market. Keywords: Human capital, investments, rate of return to investment in edu- cation, wages, higher education Length of the thesis: 85 472 chars.
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