Income Contingent Loans

Beschreibung

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.

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B. Chapman

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economic policy labor market money

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“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)

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