Income Contingent Loans [electronic resource] : Theory, Practice and Prospects /
Higgins, Timothy.author.
Chapman, B.editor.
Stiglitz, J.editor.
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.
Description based upon print version of record.
Cover; Title; Copyright; Contents; List of Tables; List of Figures; About the Authors; Introduction and Summary; 1 Income Contingent Loans: Background; Part I Towards a Theory of Income Contingent Loans; 2 Remarks on Income Contingent Loans: How Effective Can They be at Mitigating Risk?; 3 Income Contingent Loans as a Risk Management Device; 4 Income Contingent Loans: Toward a Piecewise Linear Scheme; Part II Practice in Higher Education; 5 Income Contingent Loans and Higher Education Financing: Theory and Practice
6 The Challenge of Sustaining Student Loans Systems: Lessons from Chile and Colombia7 The Implications of Graduate Labor Market Performance in Designing a Student Loan Scheme for Malaysia; 8 Modeling Aggregate Loans Recovery of the Student Loans Fund in Thailand; 9 Why Don't We Just Give Them the Money? Financing Living Expenses of Students in Germany; Part III Prospects Beyond Higher Education; 10 Improving Paid Parental Leave through Income Contingent Loans; 11 Internationalisation of ICLs to Deal with Human Capital Trade Imbalances
12 The Role of Contingent Loans in Providing Equitable Access to Legal Aid13 Income Contingent Loans for Business Innovation; 14 Using Income Contingent Loans to Pay for Health Care; 15 Elderly Support Policies as Resource Contingent Loans; 16 Income Contingent Loans for the Unemployed: A Prelude to a General Theory of the Efficient Provision of Social Insurance; Part IV Commentary; 17 Overemphasized Costs and Underemphasized Benefits of Income Contingent Financing; 18 Aid Programs for Higher Education; 19 Income Contingent Loans for Higher Education and Beyond
20 Why Don't We See More Use of Income Contingent Loans?21 Future Directions for Income Contingent Loan Theory; 22 Utilising the Transactional Efficiencies of Contingent Loans - A General Framework for Policy Application; Index
Includes bibliographical references and index.
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.
Regional economics.
Spatial economics.
Macroeconomics.
Economic policy.
Political economy.
Development economics.
International economics.
Regional/Spatial Science.
Macroeconomics/Monetary Economics//Financial Economics.
Economic Policy.
International Political Economy.
Development Economics.
International Economics.