The Life-cycle Impact of Alternative Higher Education Finance Systems in Ireland
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
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Barrett, Alan & Fitz Gerald, John & Nolan, Brian, 2000.
"Earnings Inequality, Returns to Education and Immigration into Ireland,"
CEPR Discussion Papers
2493, C.E.P.R. Discussion Papers.
- Barrett, Alan & FitzGerald, John & Nolan, Brian, 2002. "Earnings inequality, returns to education and immigration into Ireland," Labour Economics, Elsevier, vol. 9(5), pages 665-680, November.
- Barrett, Alan & FitzGerald, John & Nolan, Brian, 2000. "Earnings Inequality, Returns to Education and Immigration into Ireland," IZA Discussion Papers 167, Institute for the Study of Labor (IZA).
- Barr, Nicholas, 1993. "Alternative Funding Resources for Higher Education," Economic Journal, Royal Economic Society, vol. 103(418), pages 718-28, May.
- Moretti, Enrico, 2004.
"Estimating the social return to higher education: evidence from longitudinal and repeated cross-sectional data,"
Journal of Econometrics,
Elsevier, vol. 121(1-2), pages 175-212.
- Enrico Moretti, 2002. "Estimating the Social Return to Higher Education: Evidence From Longitudinal and Repeated Cross-Sectional Data," NBER Working Papers 9108, National Bureau of Economic Research, Inc.
- Colm Harmon & Hessel Oosterbeek, 2000. "The Returns to Education: A Review of Evidence, Issues and Deficiencies in the Literature," CEE Discussion Papers 0005, Centre for the Economics of Education, LSE.
- V. Vandenberghe & O. Debande, 2007. "Deferred and Income-contingent Tuition Fees: An Empirical Assessment using Belgian, German and UK Data," Education Economics, Taylor & Francis Journals, vol. 15(4), pages 421-440.
- Nicholas Barr, 1998. "Higher Education in Australia and Britain: What Lessons?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 31(2), pages 179-188.
- Hryshko, Dmytro & Luengo-Prado, Maria Jose & Sorensen, Bent, 2011.
"Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education,"
2011-2, University of Alberta, Department of Economics.
- Dmytro Hryshko & María José Luengo‐Prado & Bent E. Sørensen, 2011. "Childhood determinants of risk aversion: The long shadow of compulsory education," Quantitative Economics, Econometric Society, vol. 2(1), pages 37-72, 03.
- Hryshko, Dmytro & Luengo-Prado, Maria Jose & Sørensen, Bent E, 2010. "Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education," CEPR Discussion Papers 7999, C.E.P.R. Discussion Papers.
- Chapman, Bruce, 2006.
"Income Contingent Loans for Higher Education: International Reforms,"
Handbook of the Economics of Education,
- Bruce Chapman, 2005. "Income Contingent Loans for Higher Education: International Reform," CEPR Discussion Papers 491, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- Migali, Giuseppe, 2006. "Funding Higher Education and Wage Uncertainty: Income Contingent Loan Versus Mortgate Loan," The Warwick Economics Research Paper Series (TWERPS) 740, University of Warwick, Department of Economics.
- Psacharopoulos, George, 1994.
"Returns to investment in education: A global update,"
Elsevier, vol. 22(9), pages 1325-1343, September.
- Psacharopoulos, George, 1993. "Returns to investment in education : a global update," Policy Research Working Paper Series 1067, The World Bank.
- Vodopivec, Milan, 2004. "A Simulation of an Income Contingent Tuition Scheme in a Transition Economy," IZA Discussion Papers 1247, Institute for the Study of Labor (IZA).
- Susan M. Dynarski, 2003.
"Does Aid Matter? Measuring the Effect of Student Aid on College Attendance and Completion,"
American Economic Review,
American Economic Association, vol. 93(1), pages 279-288, March.
- Susan M. Dynarski, 1999. "Does Aid Matter? Measuring the Effect of Student Aid on College Attendance and Completion," NBER Working Papers 7422, National Bureau of Economic Research, Inc.
- Dynarski, Susan, 2001. "Does Aid Matter? Measuring the Effect of Student Aid on College Attendance and Completion," Working Paper Series rwp01-034, Harvard University, John F. Kennedy School of Government.
- Migali, Giuseppe, 2012.
"Funding higher education and wage uncertainty: Income contingent loan versus mortgage loan,"
Economics of Education Review,
Elsevier, vol. 31(6), pages 871-889.
- Migali, Giuseppe, 2006. "Funding Higher Education and Wage Uncertainty : Income Contingent Loan versus Mortgage Loan," The Warwick Economics Research Paper Series (TWERPS) 775, University of Warwick, Department of Economics.
- G Migali, 2011. "Funding Higher Education and Wage Uncertainty: Income Contingent Loan versus Mortgage Loan," Working Papers 609506, Lancaster University Management School, Economics Department.
- Flannery, Darragh & O'Donoghue, Cathal, 2009. "The Determinants of Higher Education Participation in Ireland: A Micro Analysis," The Economic and Social Review, Economic and Social Studies, vol. 40(1), pages 73-107.
- Bas Jacobs, 2002. "An investigation of education finance reform; graduate taxes and income contingent loans in the Netherlands," CPB Discussion Paper 9, CPB Netherlands Bureau for Economic Policy Analysis.
- Cathal O'Donoghue & John Lennon & Stephen Hynes, 2009.
"The Life-Cycle Income Analysis Model (LIAM): a study of a flexible dynamic microsimulation modelling computing framework,"
International Journal of Microsimulation,
International Microsimulation Association, vol. 2(1), pages 16-31.
- Cathal O’Donoghue & John Lennon & Stephen Hynes, 2009. "The Life-Cycle Income Analysis Model (LIAM): A Study of a Flexible Dynamic Microsimulation Modelling Computing Framework," CeRP Working Papers 85, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Lorraine Dearden & Emla Fitzsimons & Alissa Goodman & Greg Kaplan, 2008.
"Higher Education Funding Reforms in England: The Distributional Effects and the Shifting Balance of Costs,"
Royal Economic Society, vol. 118(526), pages F100-F125, 02.
- Lorraine Dearden & Emla Fitzsimons & Alissa Goodman & Greg Kaplan, 2007. "Higher education funding reforms in England: the distributional effects and the shifting balance of costs," IFS Working Papers W07/18, Institute for Fiscal Studies.
- Tim Callan & Tim Smeeding & Panos Tsakloglou, 2007. "Distributional Effects of Public Education Transfers in Seven European Countries," Papers WP207, Economic and Social Research Institute (ESRI).
- Burdman, Pamela, 2005. "The Student Debt Dilemma: Debt Aversion as a Barrier to College Access," University of California at Berkeley, Center for Studies in Higher Education qt6sp9787j, Center for Studies in Higher Education, UC Berkeley.
When requesting a correction, please mention this item's handle: RePEc:eso:journl:v:42:y:2011:i:3:p:237-270. See general 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: (Frank Walsh)
If references are entirely missing, you can add them using this form.