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

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
Publisher: Cambridge University Press
Published: 03/11/2004
Pages: 250
Binding Type: Hardcover
Weight: 1.15lbs
Size: 9.00h x 5.80w x 0.90d
ISBN: 9780521828406

About the Author
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.

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