Miguel Palacios is an assistant professor of finance at the Vanderbilt University Owen Graduate School of Management. His academic work 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. Palacios also works on alternative instruments for financing education. On this subject he authored “Investing in Human Capital,” published by Cambridge University Press in 2004, and co-founded Lumni Inc. Lumni, which is a practical implementation of the ideas presented in his book, has financed more than 8,000 students in Chile, Colombia, Mexico, Peru, and the U.S. Palacios holds a doctorate in business administration and a master’s degree in economics from the University of California, Berkeley. He also has a master’s in business administration from the University of Virginia Darden School of Business and a bachelor’s in mechanical engineering from the Universidad de los Andes in Colombia.