“…As regards the society, there are social benefits, which consist of less crime, ah ealthier population,higher gross domestic product or higher social cohesion. As far as individual reasons are concerned, an individual can expect certain benefits connected with higher social status thanks to am ore prestigious job, the job market, higher income or lower risk of unemployment (Doseděl & Katrňák, 2017). Both authors carried out an interesting studyi nw hich they examined whether the increasing number of peoplewith university education in the Czech Republic devaluated education and whether the theory of educational inflation applied to the Czech labour market.…”