Investing in Human Capital

by Miguel Palacios Lleras, Nicholas Barr

Estimated delivery 3-12 business days

Format Paperback

Condition Brand New

Description Investing in Human Capital, first published in 2004, argues for 'human capital contracts' where students agree to pay a percentage of their income in exchange for funds to finance their education. The financial consequences - risk transfer from students to investors and increased information regarding future graduates' earnings - offers an alternative for funding higher education.

Publisher Description

Most higher education finance literature assumes that students cannot pledge their future earnings to finance their education in a free society. Investing in Human Capital, first published in 2004, challenges that assumption and explores human capital contracts as an alternative mechanism for financing higher education. Investing in Human Capital tracks the roots of the idea behind human capital contracts, discusses the beneficial consequences they would have on students and on higher education markets, and describes how they can develop in light of the innovations that have taken place in financial markets during the last decades. The book also explores the challenges - ethical and financial - that such instruments face and offers implementation alternatives that can bring about their existence in the context of a national higher education financing programme.

Author Biography

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.

Details

  • ISBN 0521039525
  • ISBN-13 9780521039529
  • Title Investing in Human Capital
  • Author Miguel Palacios Lleras, Nicholas Barr
  • Format Paperback
  • Year 2007
  • Pages 252
  • Edition 1st
  • Publisher Cambridge University Press
GE_Item_ID:7697100;

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