Investing in Human Capital
A Capital Markets Approach to Student Funding
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Investing in Human Capital by Miguel Palacios Lleras
Book DescriptionMost 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.
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Book DetailsISBN: 9780521039529
(228mm x 152mm x 15mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 16-Aug-2007
Country of Publication: United Kingdom
Books By Author Miguel Palacios Lleras
Investing in Human Capital, Hardback (March 2004)» View all books by Miguel Palacios Lleras
This 2004 book examines how 'human capital contracts' transfer financial risk of higher education from students to investors.
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Author Biography - Miguel Palacios Lleras
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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