Higgins, TimothySinning, Mathias2015-12-070272-7757http://hdl.handle.net/1885/17822This paper studies the importance of dynamic earnings modeling for the design of income contingent student loans (ICLs). ICLs have been shown to be theoretically optimal in terms of efficiency in the presence of risk aversion, adverse selection and moralModeling income dynamics for public policy design: An application to income contingent student loans201310.1016/j.econedurev.2013.08.0092015-12-07