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Income Contingent Loans as a General Risk Management Instrument

In: Contemporary Issues in Microeconomics

Author

Listed:
  • Bruce Chapman

    (Australian National University)

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.

Suggested Citation

  • Bruce Chapman, 2016. "Income Contingent Loans as a General Risk Management Instrument," International Economic Association Series, in: Joseph E. Stiglitz & Martin Guzman (ed.), Contemporary Issues in Microeconomics, chapter 7, pages 137-144, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-52971-8_8
    DOI: 10.1057/9781137529718_8
    as

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