Estimated delivery 3-12 business days
Format Hardcover
Condition Brand New
Description 'Human capital contracts' transfer financial risk of higher education from students to investors.
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 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 program.
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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