IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Income Contingent Loans for Mature Aged Training

Listed author(s):
  • Bruce Chapman


    (The Australian National University)

  • Tim Higgins

    (The Australian National University)

It 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.

To 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.

Article 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 ()
Pages: 167-179

in new window

Handle: RePEc:ozl:journl:v:12:y:2009:i:2:p:167-179
Contact details of provider: Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ozl:journl:v:12:y:2009:i:2:p:167-179. 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: (Alan Duncan)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.