A human capital contract (or "HCC") is a finance product that allows for the provision of funds to an individual through an "equity-like" arrangement, where the provider of the funds receives a portion of the individual's future income for some specified period of time. Human capital contracts have been advocated by a number of Nobel Prize–winning economists, including Milton Friedman, Robert Merton, and Gary Becker.
A human capital contract (or "HCC") is a finance product that allows for the provision of funds to an individual through an "equity-like" arrangement, where the provider of the funds receives a portion of the individual's future income for some specified period of time. Human capital contracts have been advocated by a number of Nobel Prize–winning economists, including Milton Friedman, Robert Merton, and Gary Becker.
Source: Wikipedia "Human capital contract" · CC BY-SA 4.0
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