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Investing in Human Capital - A Capital Markets Approach to Student Funding (Paperback)
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Investing in Human Capital - A Capital Markets Approach to Student Funding (Paperback)
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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.
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