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Income Contingent Loans

Theory, Practice and Prospects

  • Book
  • © 2014

Overview

Editors:
  1. Bruce Chapman

    1. Australian National University, Australia

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  2. Timothy Higgins

    1. Australian National University, Australia

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    You can also search for this editor in PubMed   Google Scholar

  3. Joseph E. Stiglitz

    1. Columbia University, UK

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Part of the book series: International Economic Association Series (IEA)

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Table of contents (23 chapters)

  1. Front Matter

    Pages i-x
    Download chapter PDF

  2. Introduction and Summary

    1. Introduction and Summary

      • Bruce Chapman, Timothy Higgins, Joseph E. Stiglitz
      Pages 1-11

  3. Income Contingent Loans: Background

    1. Income Contingent Loans: Background

      • Bruce Chapman
      Pages 12-28

  4. Towards a Theory of Income Contingent Loans

    1. Front Matter

      Pages 29-29
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    2. Remarks on Income Contingent Loans: How Effective can they be at Mitigating Risk?

      • Joseph E. Stiglitz
      Pages 31-38

    3. Income Contingent Loans as a Risk Management Device

      • John Quiggin
      Pages 39-48

    4. Income Contingent Loans: Toward a Piecewise Linear Scheme

      • Ngo Van Long
      Pages 49-60

  6. Prospects Beyond Higher Education

    1. Front Matter

      Pages 125-125
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    2. Improving Paid Parental Leave through Income Contingent Loans

      • Timothy Higgins
      Pages 127-135

    3. Internationalisation of ICLs to deal with Human Capital Trade Imbalances

      • Philip Clarke, Bruce Chapman
      Pages 136-141

    4. The Role of Contingent Loans in Providing Equitable Access to Legal Aid

      • Richard Denniss
      Pages 142-155

    5. Income Contingent Loans for Business Innovation

      • Nitin Gupta, Glenn Withers
      Pages 156-164

    6. Using Income Contingent Loans to Pay for Health Care

      • Rhema Vaithianathan
      Pages 165-171

    7. Elderly Support Policies as Resource Contingent Loans

      • Rafal Chomik, John Piggott
      Pages 172-179
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Keywords

About this book

This study explores the prospect of the application of the basic principles of ICL into many other potential areas of social and economic policy. Using case studies it evaluates previously implemented ICL schemes where interest rate subsidies are usually the norm, and questions the merits of this approach.

Reviews

“It provides the most comprehensive theoretical treatment (accessible mainly to economists), but extending to the potential application of the concept to other arenas of public policy where the efficiency, consumption smoothing, and targeted redistributive properties of income contingent repayment obligations may be applicable. … The chapters on implementation are particularly appropriate to higher education policy makers throughout the world … .” (Bruce Johnstone, Economic Record, Vol. 92 (298), September, 2016)

Editors and Affiliations

  • Australian National University, Australia

    Bruce Chapman, Timothy Higgins

  • Columbia University, UK

    Joseph E. Stiglitz

About the editors

Nick Barr, London School of Economics, UK Bruce Chapman, Australian National University Philip Clarke, University of Melbourne, Australia Richard Denniss, The Australia Institute Barbara Grave, The Australia Institute Nitin Gupta, Australian National University Tim Higgins, Australian National University Lim Hock-Eam, Universiti Utara Malaysia Yusnidah Ibrahim, Universiti Utara Malaysia Russayani Ismail, Universiti Utara Malaysia Ngo Van Long, McGill University, Canada Kiatamantha Loukaew, Australian National University Miguel Palacios, Vanderbilt University, USA John Piggott, University of New South Wales, Australia John Quiggin, University of Queensland, Australia Maria Racionero, Australian National University Jamil Salmi, World Bank Mathias Sinning, University of Queensland, Australia Joseph Stiglitz, Columbia University, USA Rhema Vaithianathan, University of Auckland, Australia Glenn Withers, Australian National University Jungyoll Yun, National Bureau of Economic Research

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