The welfare effects of income-contingent financing for higher education
Description
In this paper, it is shown that educational financing schemes with income-contingent re-payments provide a mixture of consumption-smoothing benefits and insurance against the uncertain outcomes of risky educational investments. Educational financing schemes with income-contingent repayment will enhance welfare relative to the alternative of upfront fees yielding the same revenue in present value terms.
Collections | ANU Research Publications |
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Date published: | 2003 |
Type: | Working/Technical Paper |
URI: | http://hdl.handle.net/1885/42106 http://digitalcollections.anu.edu.au/handle/1885/42106 |
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File | Description | Size | Format | Image |
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wp428.pdf | 610.27 kB | Adobe PDF | ||
2651-~!3.XSH | 350 B | Unknown |
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