REGIONAL COOPERATION AND ECONOMIC INTEGRATION

CEFTA-2006 AND ANHANCING COMPETITIVENESS OF THE REGION - SOME SECTORAL ASPECTS
Table 2: Employees, according to education level and
average salary in September 2008
Values in dinars
Number of
employees
Total
Average
salaries
and
wages
Number of
employees
The rest
Republic of Serbia
Central Serbia
Average
salaries
and
wages
Number of
employees
Belgrade
Average
salaries
and
wages
Number of
employees
Vojvodina
Average
salaries
and
wages
Total 1100875 45406 812040 45777 332322 56250 288835 44364
VIII
(The
highest
level of
education)
215933 75370 162698 75716 80171 87573 53235 74312
VII 89055 51094 66373 50910 26771 59851 22682 51632
VI 348396 41219 253389 41635 112978 48444 95007 40109
V 50369 27024 34815 27536 13150 34108 1554 25880
IV 57780 47613 47201 47702 23587 55419 10579 47213
III 194596 35024 144924 34790 47396 42366 49672 35706
II 60673 28984 46857 28288 14954 30651 13816 31344
I 84073 25153 55783 24151 13315 28155 28290 27129
Source: Statistical Office of the Republic of Serbia, Communications-Employment and
Earnings, no. 357. LVIII, 29.12.2008., pp. 6.
As it can be seen from the table, the data from the Statistical Office of the Republic of
Serbia show that the difference between salaries of the highest level of educated employees
and unqualified workers in September, 2008 was 256,83%. For the same period, the
structure of the unemployed, according to their qualifications is presented in table 3.
Table 3: The structure of the unemployed, according to their qualifications
Level of education Number of unemployed people Percentage of unemployment
VIII
(The highest level of education)
33persons -
VII 30.546 4,2%
VI 29.696 4,1%
V 8.973 1,2%
IV 196.188 27,0%
III 192.833 26,5%
II 39.273 5,4%
I 228.923 31,51%
Source: Republic of Serbia National Employment Service, Monthly Statistics Bulletin
Unemployment and Employment in the Republic of Serbia, No. 73, September,
2008, pp. 15.
The data given show that with increase in education level wages rise, whereas unemployment
rate falls. Thus, it is perfectly understandable that more and more people see education as
an investment that would provide them with a job, higher earnings and better life quality.
Not only that education has positive implications for individuals, but there is compelling
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