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Exploring Creative Appliances of Income Contingent Loans

Author

Listed:
  • Bruce Chapman

    (Australian National University)

  • Boyd Hunter

    (Australian National University)

Abstract

Income Contingent Loans (ICLs) have a long history in labour economics. Indeed, Australian labour economists have played a seminal role in the conceptual development of the Higher Education Contribution Scheme (HECS) in Australia – a process which demonstrated how such policies can overcome real issues for ICLs in a practical and effective manner. This Issue of the journal examines a range of proposals for applying ICLs in new contexts, with a view to understanding both how such schemes work and what the limits to such policies might be. As argued in the previous issue of The Australian Journal of Labour Economics (AJLE), the journal should provide stimulating articles that are of interest to labour economists rather than being solely about labour economics per se. This issue of the journal clearly fits this description by exploring and developing some creative applications of ICLs.

Suggested Citation

  • Bruce Chapman & Boyd Hunter, 2009. "Exploring Creative Appliances of Income Contingent Loans," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 12(2), pages 133-144.
    • Handle: RePEc:ozl:journl:v:12:y:2009:i:2:p:133-144
    as

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    References listed on IDEAS

    as
    1. Ben Edwards & Matthew Gray & Boyd Hunter, 2009. "A Sunburnt Country: The Economic and Financial Impact of Drought on Rural and Regional Families in Australia in an Era of Climate Change," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 12(1), pages 108-131.
    2. Chapman, Bruce, 2006. "Income Contingent Loans for Higher Education: International Reforms," Handbook of the Economics of Education, in: Erik Hanushek & F. Welch (ed.), Handbook of the Economics of Education, edition 1, volume 2, chapter 25, pages 1435-1503, Elsevier.
    3. Bruce Chapman & Andrew Leigh, 2009. "Do Very High Tax Rates Induce Bunching? Implications for the Design of Income Contingent Loan Schemes," The Economic Record, The Economic Society of Australia, vol. 85(270), pages 276-289, September.
    4. Chapman, Bruce & Lounkaew, Kiatanantha, 2010. "Income contingent student loans for Thailand: Alternatives compared," Economics of Education Review, Elsevier, vol. 29(5), pages 695-709, October.
    5. Erik Hanushek & F. Welch (ed.), 2006. "Handbook of the Economics of Education," Handbook of the Economics of Education, Elsevier, edition 1, volume 1, number 1, June.
    6. Erik Hanushek & F. Welch (ed.), 2006. "Handbook of the Economics of Education," Handbook of the Economics of Education, Elsevier, edition 1, volume 2, number 2, June.
    7. Nerlove, Marc L, 1975. "Some Problems in the Use of Income-contingent Loans for the Finance of Higher Education," Journal of Political Economy, University of Chicago Press, vol. 83(1), pages 157-183, February.
    8. Mailath, George J. & Samuelson, Larry, 2006. "Repeated Games and Reputations: Long-Run Relationships," OUP Catalogue, Oxford University Press, number 9780195300796.
    9. Chris Jones, 2009. "Bruce Chapman (ed.), Government Managing Risk: Income Contingent Loans for Social and Economic Progress (Routledge, London, 2006)," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 16(1), pages 73-76.
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