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Investing in Human Capital

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  • Lleras,Miguel Palacios

Abstract

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.

Suggested Citation

  • Lleras,Miguel Palacios, 2007. "Investing in Human Capital," Cambridge Books, Cambridge University Press, number 9780521039529.
    • Handle: RePEc:cup:cbooks:9780521039529
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    Cited by:

    1. Arbel, Yuval & Bar-El, Ronen & Tobol, Yossef, 2017. "Equal Opportunity through Higher Education: Theory and Evidence on Privilege and Ability," IZA Discussion Papers 10564, Institute of Labor Economics (IZA).
    2. Ondřej Černík & Radim Valenčík & Petr Wawrosz, 2020. "Economics Of Productive Consumption And Multipoint Expansion Of Nash Bargaining Problem," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 14(1), pages 10-25.
    3. Radim Valencik & Petr Wawrosz, 2019. "Economics of Productive Consumption as an Offshoot of Main Currents of Economic Theory," ACTA VSFS, University of Finance and Administration, vol. 13(2), pages 113-134.

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