Investing in Human Capital
A Capital Markets Approach to Student Funding
- Author: Miguel Palacios Lleras, University of California, Berkeley
- Date Published: August 2007
- availability: Available
- format: Paperback
- isbn: 9780521039529
Paperback
Other available formats:
Hardback, eBook
Looking for an inspection copy?
Please email academicmarketing@cambridge.edu.au to enquire about an inspection copy of this book
-
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, 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.
Read more- Offers an innovative - some would say controversial - approach to the problem of financing higher education
- Combines insights from finance and education economics
- Strong policy interest including a description of how to implement higher education funding as a government initiative
Reviews & endorsements
'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 to the next level in the future. The results for our society and our lives will be profound.' Robert J. Schiller, Yale University, and author of The New Financial Order and Irrational Exuberance
See more reviews'Little can be more important to the welfare of our civilization than finding ways to match educational opportunities to human capability. Too often, human resources are squandered by failure to make these opportunities available to deserving but poorly financed individuals. Investing in Human Capital describes an exciting remedy: equity investments in the fruits of educational investment. Although this idea is not new, it is virtually untried and this book more than any other shows in detail how to turn it into a successful reality.' Mark Rubinstein, Haas School of Business, University of California, Berkeley
Customer reviews
Not yet reviewed
Be the first to review
Review was not posted due to profanity
×Product details
- Date Published: August 2007
- format: Paperback
- isbn: 9780521039529
- length: 252 pages
- dimensions: 225 x 153 x 15 mm
- weight: 0.383kg
- contains: 22 b/w illus. 24 tables
- availability: Available
Table of Contents
List of figures
List of tables
Foreword
Acknowledgements
Introduction
Part I. The Problem of Financing Education:
1. The value of education
2. Market failure in the financing of education
3. The need for alternatives to traditional funding
Part II. Equity-Like Investments to Finance Education:
4. The evolution of human capital contracts
5. How human capital contracts work
6. The case for human capital contracts
7. Human capital options
Part III. Implementing Human Capital Contracts:
8. Hurdles in the implementation of human capital contracts
9. Lessons from the implementation of income-contingent loans
10. Government-driven implementation of human capital contracts
11. Conclusion
Appendices
Notes
References
Index.
Related Books
related journals
Sorry, this resource is locked
Please register or sign in to request access. If you are having problems accessing these resources please email lecturers@cambridge.org
Register Sign in» Proceed
You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.
Continue ×Are you sure you want to delete your account?
This cannot be undone.
Thank you for your feedback which will help us improve our service.
If you requested a response, we will make sure to get back to you shortly.
×