Government Managing Risk: Income Contingent Loans for Social and Economic Progress

Front Cover
Routledge, Sep 27, 2006 - Business & Economics - 240 pages

Higher education rates are increasing throughout the Western world, yet at the same time, government budgets face increasing constraints. This has ensured that the importance of student support is recognized in many countries. In recent years there has been a world-wide movement towards the use of income contingent loans (ICL) for higher education. ICLs are now used in six countries following the Australian innovation of 1989, with the governments of many more countries looking very seriously at the model.

This impressive new book by Bruce Chapman analyzes ICLs (particularly their use in supporting students), exploring the experiences of a number of other countries adopting them. Chapman presents analysis of a number of disparate case studies to illustrate how ICLs can aid risk management policy reforming in both progressive and administratively feasible ways.

This book describes, examines and promotes an exciting new role for the public sector as a manager of risk, and argues that ICLs have enormous potential to change the extent and nature of social and economic activities. With the author's experience in the design and implementation of the Australian student financial support schemes, this is a knowledgeable, informative and enlightening book that will be useful to researchers, students and policy-makers alike.

 

Contents

Section 1
Section 2
Section 3
Section 4
Section 5
Section 6
Section 7
Section 8
Section 21
Section 22
Section 23
Section 24
Section 25
Section 26
Section 27
Section 28

Section 9
Section 10
Section 11
Section 12
Section 13
Section 14
Section 15
Section 16
Section 17
Section 18
Section 19
Section 20
Section 29
Section 30
Section 31
Section 32
Section 33
Section 34
Section 35
Section 36
Section 37
Section 38
Section 39
Copyright

Other editions - View all

Government Managing Risk: Income Contingent Loans for Social and Economic ...
Bruce Chapman
Limited preview - 2006
Government Managing Risk: Income Contingent Loans for Social and Economic ...
Bruce J. Chapman
No preview available - 2006
Government Managing Risk: Income Contingent Loans for Social and Economic ...
Bruce Chapman
No preview available - 2012

Common terms and phrases

administrative adverse selection approach arrangements assistance associated Australian Australian National University average bank loans benefits borrowers Bruce Chapman Canberra capacity to pay cent Chapman Chapter charge collection collusion consumption smoothing costs countries default drought relief earnings economic effect enrolments equity example farm business FECS Figure fines full­time funds future incomes graduates HECS debt higher education financing human capital ICL policy ICL scheme important incentives income contingent loan income support income threshold individuals insider trading interest rate investment involved issues John Dawkins lenders loan repayments long­term low­income households market failure Meredith Edwards moral hazard offenders participation payments penalties potential problem programme projects proportion prospective students public sector Qantas rate of interest reforms relatively repay repayment repayment rates respect revenue risk risk­sharing ICL short­term significant social enterprises student loans subsidy suggested tax system taxable income taxpayers tuition up­front Zealand

About the author (2006)

Bruce Chapman

Bibliographic information

TitleGovernment Managing Risk: Income Contingent Loans for Social and Economic Progress
Routledge Studies in Business Organizations and Networks
AuthorBruce Chapman
Editionillustrated, reprint
PublisherRoutledge, 2006
ISBN113444432X, 9781134444328
Length240 pages
Subjects ›  › 

Business & Economics / Economics / General
Business & Economics / General
Business & Economics / Organizational Behavior
  
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