The Life-cycle Impact of Alternative Higher Education Finance Systems in Ireland

Darragh Flannery and Cathal O’donoghue
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Cathal O’donoghue: Rural Economy and Development Programme Research Centre, Teagasc
Authors registered in the RePEc Author Service: Cathal O'donoghue

The Economic and Social Review, 2011, vol. 42, issue 3, 237–270

Abstract: With increasing numbers of young people participating in higher education in Ireland and a heavy reliance of higher education institutions on State funding, the introduction of an alternative finance system for Ireland has been muted over the past number of years. However, no study has been conducted to gauge the potential impact of such measures. In this paper we utilise a dynamic microsimulation model developed for Ireland to simulate the impact of both an income contingent loan system (ICL) and a graduate tax system from a fiscal and redistributional viewpoint and to analyse the repayment length under the former system. Our results suggest that an ICL system could be more equitable, while the graduate tax system could be a better alternative from a fiscal viewpoint. The results also illustrate the importance of the interest rate attached to any future student loan system within Ireland from a fiscal viewpoint

Date: 2011
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http://www.esr.ie/vol42_3/01_Flannery%20article.pdf First version,2011 (application/pdf)

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Working Paper: Lifecycle Impact of Alternative Higher Education Finance Systems in Ireland (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eso:journl:v:42:y:2011:i:3:p:237-270

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