Russia has a high rating in the field of education, as about 40% of those employed in the economy have higher education, and women are ahead of men in this indicator. In the past, men outnumbered women in education, but this has changed since the 1990s and women are more likely to receive higher education. As a result, women now have a close to 10% advantage over men in this field. This trend is observed not only in Russia, but all over the world.
There is a concept of “return on human capital” that refers to future monetary or non-monetary benefits from education. For example, you can earn a high salary with cash returns based on your knowledge and skills. You may also enjoy applying your knowledge, for example enjoying classical music, which is a non-monetary return. Studying at a university can bring both consumer benefits (pleasure from the learning process) and investment benefits (access to better jobs).
The benefits of education can be both internal in relation to individual benefits and external when society as a whole benefits from human capital accumulation. For example, educated people may be more charitable and less prone to crime, which has a positive effect on society as a whole.
Source: Ferra
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