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Foreword: investing in human capital: a capital markets approach to student funding

Barr, Nicholas (2007) Foreword: investing in human capital: a capital markets approach to student funding. In: Lleras, Miguel Palacios, (ed.) Investing in Human Capital: a Capital Markets Approach to Student Funding. Cambridge University Press, Cambridge, UK, xvii-xx. ISBN 9780521039529

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Abstract

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.

Item Type: Book Section
Official URL: http://www.cambridge.org/
Additional Information: © 2007 The author
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
L Education > L Education (General)
Sets: Departments > Economics
Departments > European Institute
Collections > Economists Online
Date Deposited: 15 Nov 2011 12:44
Last Modified: 23 Mar 2012 14:48
URI: http://eprints.lse.ac.uk/id/eprint/39586

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