The role of information cost in student loan market

2021 ◽  
pp. 002072092098608
Author(s):  
Xiao Feng ◽  
Bo Huang ◽  
Weidong Meng
Keyword(s):  
Human Capital ◽  
Student Loans ◽  
Credit Market ◽  
Student Loan ◽  
Capital Formation ◽  
Human Capital Formation ◽  
Information Cost ◽  
Loan Market ◽  
Role Of Information

Student loans are popular among university in support of young people to afford tuition fees, as US change its financial aid policy from grants to loans. Thus, the efficiency in student loan market is very important for the development of higher education, especially, human capital formation in this process. To complement the centerpiece for the relationship between human capital formation, credit market and economic performance in long run, a model which is derived from Boyd and Smith 1 to explore the role of information cost in the market. This work tried to indicate the fact that, higher development in credit market reduces the information cost in student loans, which would lead to higher contribution of human capital formation to economic growth.

scholarly journals Networks in the Premodern Economy: The Market for London Apprenticeships, 1600–1749

2011 ◽  
Vol 71 (2) ◽  
pp. 413-443 ◽  
Author(s):  
Tim Leunig ◽  
Chris Minns ◽  
Patrick Wallis
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Capital Formation ◽  
Human Capital Formation ◽  
Wide Range ◽  
Place Of Origin

We examine the role of social and geographical networks in structuring entry into premodern London's skilled occupations. Newly digitized apprenticeship indenture records for 1600–1749 offer little evidence that personal ties strongly shaped apprentice recruitment. The typical London apprentices had no identifiable tie to their master through kin or place of origin. Migrant apprentices' fathers were generally outside the craft sector. The apprenticeship market was strikingly open: well-to-do families accessed a wide range of apprenticeships, and would-be apprentices could match ability and aptitude to opportunity. This fluidity aided human capital formation, with obvious implications for economic development.

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