معرفی
Professor Miguel Palacios is a faculty member at the University of Calgary, specializing in human capital and asset pricing. His work examines the interplay between human capital risk and firm risk, as well as innovative education financing models. Co-founder of Lumni and A&P Capital, he advocates for income-share agreements (ISAs) to fund education. He holds a Ph.D. in Finance from UC Berkeley, an MBA from the University of Virginia’s Darden School, and a B.S. in Mechanical Engineering from Universidad de los Andes.
- Education: Ph.D., UC Berkeley (2009); MBA, Darden (2001); B.S., Universidad de los Andes (1997)
Research focuses on quantifying human capital’s role in financial markets, assessing education investment risks, and designing equitable financing mechanisms. His book *Investing in Human Capital* (2004) underpins Lumni’s ISA model, now operational in multiple countries. Current projects include retirement financial products and SSHRC-funded work on education discount rates.
Grant-funded projects include SSHRC (2019–2024) and grants from the Becker-Friedman Institute and University of Chicago’s Merton-Miller Center. Advising and mentorship are integral to his work, though no specific advisees are listed.
He collaborates with A&P Capital on retirement finance and with Lumni on scaling ISAs. Media coverage includes *Wall Street Journal*, *New York Times*, and NPR’s *Planet Money*.
