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

Miguel Palacios Lleras




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 | #4552809 in Books |  Cambridge University Press |  2004-04-05 | Original language:English | PDF # 1 |  8.98 x.63 x5.98l,1.15 | File type: PDF | 250 pages

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||0 of 0 people found the following review helpful.| A very thought provoking book that goes beyond the basic ...|By Indradeep Dasgupta|A very thought provoking book that goes beyond the basic principle and illustrates the challenges in implementing the idea proposed. It also describes what it would take to remove those challenges. A must read for those interested in how higher education can be made more accessible to those who d| |'Miguel Palacios Lleras has written the authoritative work on the revolution that is underway to integrate human capital into our financial system. The book makes the dimensions of this revolution clear, and provides real impetus and inspiration to propel it t

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 contra...

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