Book: Investing In Human Capital: A Capital Markets Approach To Student Funding 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 contracts an attractive alternative in funding higher education.
Details of Book: Investing In Human Capital: A Capital Markets Approach To Student Funding Book: Investing In Human Capital: A Capital Markets Approach To Student Funding
Author: Miguel Palacios Lleras, Nicholas Barr
ISBN: 0521039525
ISBN-13: 9780521039529
, 978-0521039529
Binding: Paperback
Publishing Date: 16082007
Publisher: Cambridge University Press
Number of Pages: 252
Language: English