Investing in Human Capital: A Capital Markets Approach to Student Funding by Miguel Palacios Lleras | 9780521828406 | Hardcover | Barnes & Noble
Investing in Human Capital: A Capital Markets Approach to Student Funding

Investing in Human Capital: A Capital Markets Approach to Student Funding

by Miguel Palacios Lleras
     
 

ISBN-10: 0521828406

ISBN-13: 9780521828406

Pub. Date: 01/31/2004

Publisher: Cambridge University Press

This study recommends employing "human capital contracts" wherein students agree to pay a percentage of their income over time in exchange for funds to finance their education. The main difference between "human capital contracts" and loans is the variable value of the payments students make during the repayment period. Their financial consequences, of risk

Overview

This study recommends employing "human capital contracts" wherein students agree to pay a percentage of their income over time in exchange for funds to finance their education. The main difference between "human capital contracts" and loans is the variable value of the payments students make during the repayment period. Their financial consequences, of risk transfer from students to investors and increased information regarding future graduates' earnings, make the contracts an attractive alternative in funding higher education.

Product Details

ISBN-13:
9780521828406
Publisher:
Cambridge University Press
Publication date:
01/31/2004
Edition description:
New Edition
Pages:
248
Product dimensions:
5.98(w) x 8.98(h) x 0.63(d)

Table of Contents

List of figures; List of tables; Foreword; Acknowledgements; Introduction; Part I. The Problem of Financing Education: 1. The value of education; 2. Market failure in the financing of education; 3. The need for alternatives to traditional funding; Part II. Equity-Like Investments to Finance Education: 4. The evolution of human capital contracts; 5. How human capital contracts work; 6. The case for human capital contracts; 7. Human capital options; Part III. Implementing Human Capital Contracts: 8. Hurdles in the implementation of human capital contracts; 9. Lessons from the implementation of income-contingent loans; 10. Government-driven implementation of human capital contracts; 11. Conclusion; Appendices; Notes; References; Index.

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