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Income Contingent Loans for Mature Aged Training

Chapman, Bruce; Higgins, Timothy; Taylor, Dehne

Description

It is arguably the case that insufficient income support is restricting the educational choices of mature aged persons with dependants and other financial burdens. Removing financial barriers to further education may improve the opportunities for mature aged persons to re-skill, enabling transitions to specific areas of labour force demand. There is evidence, albeit indirect and suggestive only, of unmet demand for additional financial assistance to facilitate higher education investments of...[Show more]

dc.contributor.authorChapman, Bruce
dc.contributor.authorHiggins, Timothy
dc.contributor.authorTaylor, Dehne
dc.date.accessioned2015-12-08T22:25:17Z
dc.identifier.issn1328-1143
dc.identifier.urihttp://hdl.handle.net/1885/33384
dc.description.abstractIt is arguably the case that insufficient income support is restricting the educational choices of mature aged persons with dependants and other financial burdens. Removing financial barriers to further education may improve the opportunities for mature aged persons to re-skill, enabling transitions to specific areas of labour force demand. There is evidence, albeit indirect and suggestive only, of unmet demand for additional financial assistance to facilitate higher education investments of the mature aged. Survey data may be interpreted to indicate that an important policy issue exists, and this is the motivation for our exercise. As a possible solution to unmet demand we analyse, explain and promote the idea that the Higher Education Contribution Scheme (HECS) mechanism could be used to supplement significantly the income available for mature aged human capital investment. The major contribution of this work is the illustration of the consequences of a HECS-type policy for mature aged training, in two main regards: the structure of loan repayments for particular hypothetical families; and the implications of our scheme design for government outlays, revenues and implicit taxpayer subsidies. A broad conclusion is that there seems to be a real possibility for the design of a scheme in this area that offers considerable and fair opportunities for additional participation of mature aged trainees with no or little costs to taxpayers.
dc.publisherCentre for Labour Market Research
dc.sourceAustralian Journal of Labour Economics
dc.source.urihttp://search.informit.com.au/documentSummary;dn=164461272129028;res=IELBUS
dc.titleIncome Contingent Loans for Mature Aged Training
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume12
dc.date.issued2009
local.identifier.absfor140299 - Applied Economics not elsewhere classified
local.identifier.ariespublicationu8902633xPUB101
local.type.statusPublished Version
local.contributor.affiliationChapman, Bruce, College of Asia and the Pacific, ANU
local.contributor.affiliationHiggins, Timothy, College of Business and Economics, ANU
local.contributor.affiliationTaylor, Dehne, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue2
local.bibliographicCitation.startpage167
local.bibliographicCitation.lastpage179
dc.date.updated2015-12-08T09:04:49Z
CollectionsANU Research Publications

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