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 s...
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| Main Author: | |
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| Format: | Unknown |
| Language: | English |
| Published: |
Cambridge, UK
Cambridge University Press
2004
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| Subjects: | |
| Online Access: | Click Here to View Status and Holdings. |
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Add Tag | Summary: | 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. |
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| Physical Description: | xxiv, 224 pages illustrations 23 cm |
| Bibliography: | Includes bibliographical references (p. 213-217) and index |
| ISBN: | 0521828406 9780521828406 |
Student loan schemes experiences of New Zealand, Australia, India and Thailand and way forward for Malaysia