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

dc.creator	L0ZANO-R0JAS,FELIPE ANDRÉS
dc.date	2012-11-01
dc.date.accessioned	2019-04-25T12:41:58Z
dc.date.available	2019-04-25T12:41:58Z
dc.identifier	https://scielo.conicyt.cl/scielo.php?script=sci_arttext&pid=S0719-04332012000200002
dc.identifier.uri	http://revistaschilenas.uchile.cl/handle/2250/61265
dc.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.
dc.format	text/html
dc.language	en
dc.publisher	Pontificia Universidad Católica de Chile. Instituto de Economía.
dc.relation	10.7764/LAJE.49.2.185
dc.rights	info:eu-repo/semantics/openAccess
dc.source	Latin american journal of economics v.49 n.2 2012
dc.subject	Higher education returns
dc.subject	education financing
dc.subject	human capital contracts
dc.subject	human capital earning functions
dc.subject	income contingent schemes
dc.title	HUMAN CAPITAL CONTRACTS IN CHILE: AN EXERCISE BASED ON INCOME DATA ON CHILEAN HE GRADUATES