HUMAN CAPITAL CONTRACTS IN CHILE: AN EXERCISE BASED ON INCOME DATA ON CHILEAN HE GRADUATES

Given that a significant proportion of the Chilean education system is financed with household resources, we present human capital contracts (HCC) as an option for higher education financing for students facing financial constraints, but who could use their expected future income flows as collateral...

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Autor principal:	L0ZANO-R0JAS,FELIPE ANDRÉS
Lenguaje:	English
Publicado:	Pontificia Universidad Católica de Chile. Instituto de Economía. 2012
Materias:	Higher education returns education financing human capital contracts human capital earning functions income contingent schemes
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332012000200002
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spelling	oai:scielo:S0719-043320120002000022013-09-24HUMAN CAPITAL CONTRACTS IN CHILE: AN EXERCISE BASED ON INCOME DATA ON CHILEAN HE GRADUATESL0ZANO-R0JAS,FELIPE ANDRÉS Higher education returns education financing human capital contracts human capital earning functions income contingent schemes Given that a significant proportion of the Chilean education system is financed with household resources, we present human capital contracts (HCC) as an option for higher education financing for students facing financial constraints, but who could use their expected future income flows as collateral. We analyze the feasibility of HCC implementation in Chile over a set of college majors. We find that HCC can partially fund any college major in Chile and finance some majors completely, under certain conditions. Among the variables analyzed, those affecting most severely the contract pricing are initial wage level after graduation and graduation rate.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Chile. Instituto de Economía.Latin american journal of economics v.49 n.2 20122012-11-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332012000200002en10.7764/LAJE.49.2.185
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Higher education returns education financing human capital contracts human capital earning functions income contingent schemes
spellingShingle	Higher education returns education financing human capital contracts human capital earning functions income contingent schemes L0ZANO-R0JAS,FELIPE ANDRÉS HUMAN CAPITAL CONTRACTS IN CHILE: AN EXERCISE BASED ON INCOME DATA ON CHILEAN HE GRADUATES
description	Given that a significant proportion of the Chilean education system is financed with household resources, we present human capital contracts (HCC) as an option for higher education financing for students facing financial constraints, but who could use their expected future income flows as collateral. We analyze the feasibility of HCC implementation in Chile over a set of college majors. We find that HCC can partially fund any college major in Chile and finance some majors completely, under certain conditions. Among the variables analyzed, those affecting most severely the contract pricing are initial wage level after graduation and graduation rate.
author	L0ZANO-R0JAS,FELIPE ANDRÉS
author_facet	L0ZANO-R0JAS,FELIPE ANDRÉS
author_sort	L0ZANO-R0JAS,FELIPE ANDRÉS
title	HUMAN CAPITAL CONTRACTS IN CHILE: AN EXERCISE BASED ON INCOME DATA ON CHILEAN HE GRADUATES
title_short	HUMAN CAPITAL CONTRACTS IN CHILE: AN EXERCISE BASED ON INCOME DATA ON CHILEAN HE GRADUATES
title_full	HUMAN CAPITAL CONTRACTS IN CHILE: AN EXERCISE BASED ON INCOME DATA ON CHILEAN HE GRADUATES
title_fullStr	HUMAN CAPITAL CONTRACTS IN CHILE: AN EXERCISE BASED ON INCOME DATA ON CHILEAN HE GRADUATES
title_full_unstemmed	HUMAN CAPITAL CONTRACTS IN CHILE: AN EXERCISE BASED ON INCOME DATA ON CHILEAN HE GRADUATES
title_sort	human capital contracts in chile: an exercise based on income data on chilean he graduates
publisher	Pontificia Universidad Católica de Chile. Instituto de Economía.
publishDate	2012
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332012000200002
work_keys_str_mv	AT l0zanor0jasfelipeandres humancapitalcontractsinchileanexercisebasedonincomedataonchileanhegraduates
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HUMAN CAPITAL CONTRACTS IN CHILE: AN EXERCISE BASED ON INCOME DATA ON CHILEAN HE GRADUATES

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