Income-Contingent Loans: Some General Theoretical Considerations, with Applications

Joseph Stiglitz

Chapter 6 in Contemporary Issues in Microeconomics, 2016, pp 129-136 from Palgrave Macmillan

Abstract: Abstract Income-contingent loan programs run by governments represent an important social innovation, an improvement over previous mechanisms for funding investment such as education and now showing its merits in a host of other arenas. This paper, and the other papers presented in this session, lay out the theory of income-contingent loans and describe experiences with this type of program in education and other areas.

Keywords: Moral Hazard; Unemployment Insurance; Student Loan; Contemporary Issue; Loan Program (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-52971-8_7

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DOI: 10.1057/9781137529718_7

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