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Income Contingent Loans for the Unemployed: A Prelude to a General Theory of the Efficient Provision of Social Insurance

In: Income Contingent Loans

Author

Listed:
  • Joseph E. Stiglitz

    (Columbia University)

  • Jungyoll Yun

    (Ewha University)

Abstract

Income contingent loans (ICL) have mainly been discussed in the context of the finance of education. But, in fact, they are equally relevant whenever there is a simultaneous need for smoothing across states of nature and over time. This chapter explores in detail one such application, to unemployment.

Suggested Citation

  • Joseph E. Stiglitz & Jungyoll Yun, 2014. "Income Contingent Loans for the Unemployed: A Prelude to a General Theory of the Efficient Provision of Social Insurance," International Economic Association Series, in: Bruce Chapman & Timothy Higgins & Joseph E. Stiglitz (ed.), Income Contingent Loans, chapter 16, pages 180-204, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-41320-8_17
    DOI: 10.1057/9781137413208_17
    as

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    Cited by:

    1. Joseph E. Stiglitz, 2016. "The Theory of Credit and Macro-economic Stability," NBER Working Papers 22837, National Bureau of Economic Research, Inc.
    2. Jeongeun Kim & Mark Wiederspan, 2021. "Evaluating South Korea’s Introduction of an Income Contingent Loan Program," Research in Higher Education, Springer;Association for Institutional Research, vol. 62(1), pages 1-25, February.

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