| Investing in Human Capital: A Capital Markets Approach to Student Funding Contributor(s): Lleras, Miguel Palacios (Author), Barr, Nicholas (Foreword by) |
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ISBN: 0521039525 ISBN-13: 9780521039529 Publisher: Cambridge University Press OUR PRICE: $39.89 Product Type: Paperback - Other Formats Published: August 2007 Annotation: 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. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - General - Business & Economics | Labor - Education | Higher |
| Dewey: 378 |
| Physical Information: 0.57" H x 6" W x 9" (0.82 lbs) 252 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |
Contributor Bio(s): Lleras, Miguel Palacios: - Miguel Palacios Lleras is a Fellow at the Batten Institute, Darden School of Business Administration at the University of Virginia. He is the author of numerous papers on financing human capital and is co-founder of Lumni, a company that manages human capital funds. |