Investing in Human Capital A Capital Markets Approach to Student Funding Lleras
Investing in Human CapitalA Capital Markets Approach to Student Funding\nAuthor(s): Miguel Palacios Lleras, Nicholas Barr\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521828406, 978-0521828406\nSynopsis\nMost 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 i.
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