Text Box: 	Miguel Palacios

Assistant Professor of Finance

Owen Graduate School of Management

Vanderbilt University




Tel:      +1 (615) 322-8059

Fax:     +1 (615) 343-7177


401 21st Ave South

Nashville, TN 37203

Welcome to my website!  I am an Assistant Professor of Finance at the Owen Graduate School of Management, Vanderbilt University.

My research focuses on the intersection of human capital and asset-pricing, studying the size and riskiness of human capital, and measuring the effect that human capital has on the riskiness of firms.  I also work on innovative instruments for financing education.  My book Investing in Human Capital (Cambridge University Press, 2004), which was endorsed by Robert Shiller as “…the authoritative work on the revolution that is under way to integrate human capital into our financial system”, builds the case for using innovative financial instruments based on students’ future earnings to finance education.  Lumni, a startup that I co-founded with Felipe Vergara, is a practical implementation of the ideas presented in the bookIt currently finances students in Chile, Colombia, Mexico, Perú, and the United States.  Several media outlets have reported on my work on education funding and Lumni.  You can find some media coverage here.


I teach Corporate Valuation, Corporate Financial Policy and International Financial Markets to M.B.A. and M.S.F. students.

Curriculum Vitae: cv.pdf

Research Interests

· Human capital and asset-pricing

· Labor economics



· Ph.D. Business Administration — Finance, Haas School of Business, University of California, Berkeley, 2009.

· M.A. Economics, University of California, Berkeley, 2005.  Fields: Economic Theory, Labor Economics.

· M.B.A., Darden Graduate School of Business Administration, University of Virginia, 2001.

· B.S. Mechanical Engineering, Universidad de los Andes, Bogotá, Colombia, 1997.