Selling a share of your future earnings is horrific and dystopian. It's also less evil than student loans.https://twitter.com/WSJ/status/907295234920468480 …
Asymmetric information is salient for individual humans. Agency costs are also significant.
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A lump-sum debt exposes a new graduate to much higher risk than an income share. Analogous to regressive vs. progressive taxation.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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of course, both of these things are salient for lots of firms as well! i do suspect they might be more important for individuals
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Firms have access to bankruptcy. Student loan holders *don't*!
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.