Higher education as a portfolio investment: students choices about studying, term time employment, leisure, and loans

Author: Pemberton Jim   Jewell Sarah   Faggian Alessandra   King Zella  

Publisher: Oxford University Press

ISSN: 1464-3812

Source: Oxford Economic Papers, Vol.65, Iss.2, 2013-04, pp. : 268-292

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Abstract

Recent UK changes in the number of students entering higher education, and in the nature of financial support, highlight the complexity of students choices about human capital investments. Todays students have to focus not on the relatively narrow issue of how much academic effort to invest, but instead on the more complicated issue of how to invest effort in pursuit of employability skills, and how to signal such acquisitions in the context of a highly competitive graduate jobs market. We propose a framework aimed specifically at students investment decisions, which encompasses corner solutions for both borrowing and employment while studying.