Income Contingent Loans for Mature Aged Training
AbstractIt is arguably the case that insufficient income support is restricting the educational choices of mature aged persons with dependants and other financial burdens. Removing financial barriers to further education may improve the opportunities for mature aged persons to re-skill, enabling transitions to specific areas of labour force demand. There is evidence, albeit indirect and suggestive only, of unmet demand for additional financial assistance to facilitate higher education investments of the mature aged. Survey data may be interpreted to indicate that an important policy issue exists, and this is the motivation for our exercise. As a possible solution to unmet demand we analyse, explain and promote the idea that the Higher Education Contribution Scheme (HECS) mechanism could be used to supplement significantly the income available for mature aged human capital investment. The major contribution of this work is the illustration of the consequences of a HECS-type policy for mature aged training, in two main regards: the structure of loan repayments for particular hypothetical families; and the implications of our scheme design for government outlays, revenues and implicit taxpayer subsidies. A broad conclusion is that there seems to be a real possibility for the design of a scheme in this area that offers considerable and fair opportunities for additional participation of mature aged trainees with no or little costs to taxpayers.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Bankwest Curtin Economics Centre (BCEC), Curtin Business School in its journal Australian Journal of Labour Economics (AJLE).
Volume (Year): 12 (2009)
Issue (Month): 2 ()
Contact details of provider:
Postal: GPO Box U1987, Perth WA 6845
Web page: http://business.curtin.edu.au/research/publications/journals/ajle/
More information through EDIRC
Structure and Scope of Government: General Governmental Loans; Loan Guarantees; Credits; and Grants; Education: Government Policy;
Find related papers by JEL classification:
- H10 - Public Economics - - Structure and Scope of Government - - - General
- H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alan Duncan).
If references are entirely missing, you can add them using this form.