We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some students with socia1lyprofitable investments in human capita1...

The purpose of the article is to determine the link between investing in human cap- ital and the formation of the creative economy. Given that human capital is consid- ered both a factor in the socio-economic development of countries and a prerequisite for the formation of the creative economy...

The organization of the Prussian school system still affects the German education system of today. Against the background of end-of-nineteenth-Prussia this thesis analyzes how education funding emerges in a federal system and how it affects prosperity and nation building in a setting of...

We review studies of the impact of credit constraints on the accumulation of human capital. Evidence suggests that credit constraints have recently become important for schooling and other aspects of households' behavior. We highlight the importance of early childhood investments, since their...

Rising costs of and returns to college have led to sizeable increases in the demand for student loans in many countries. In the U.S., student loan default rates have also risen for recent cohorts as labor market uncertainty and debt levels have increased. We discuss these trends as well as...

We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some students with socia1lyprofitable investments in human capita1...

The purpose of the article is to determine the link between investing in human cap- ital and the formation of the creative economy. Given that human capital is consid- ered both a factor in the socio-economic development of countries and a prerequisite for the formation of the creative economy...

The organization of the Prussian school system still affects the German education system of today. Against the background of end-of-nineteenth-Prussia this thesis analyzes how education funding emerges in a federal system and how it affects prosperity and nation building in a setting of...

We review studies of the impact of credit constraints on the accumulation of human capital. Evidence suggests that credit constraints have recently become important for schooling and other aspects of households' behavior. We highlight the importance of early childhood investments, since their...

China has made impressive strides in education in recent decades, even though the accumulation of human capital has lagged behind that of physical capital. Going forward, access to and quality of education will be key to sustain economic convergence with the most advanced economies and to offset...