Income Contingent Loans as a General Risk Management Instrument

Bruce Chapman

Chapter 7 in Contemporary Issues in Microeconomics, 2016, pp 137-144 from Palgrave Macmillan

Abstract: Abstract The apparent success of income contingent loans (ICL) in higher education financing has been associated with a plethora of studies examining the prospects for ICL in many other areas of social and economic policy.1 This paper gives brief consideration to several of these studies in order to illustrate the disparate nature of possibilities and to help set the scene for the development of a broad ICL theoretical framework.

Keywords: Moral Hazard; Adverse Selection; Australian Journal; Parental Leave; Expected Utility Theory (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_8

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DOI: 10.1057/9781137529718_8

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