Investing in Human Capital: A Capital Markets Approach to Student Funding (Hardcover) (ISBN-13: 9780521828406)

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.

Author: Miguel Palacios Lleras
ISBN-10: 0521828406
ISBN-13: 9780521828406
Publisher: Cambridge University Press
Language: English
Published: 03/11/2004
Pages: 250
Format: Hardcover
Weight: 1.15lbs
Size: 9.00h x 5.80w x 0.90d