Titlebook: Income Contingent Loans; Theory, Practice and Bruce Chapman,Timothy Higgins,Joseph E. Stiglitz Book 2014 Palgrave Macmillan, a division of

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https://doi.org/10.1057/9781137413208economic policy; labor market; money

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International Economic Association Serieshttp://image.papertrans.cn/i/image/463299.jpg

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2662-6330 licy. Using case studies it evaluates previously implemented ICL schemes where interest rate subsidies are usually the norm, and questions the merits of this approach.978-1-137-41319-2978-1-137-41320-8Series ISSN 2662-6330 Series E-ISSN 2662-6349

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Remarks on Income Contingent Loans: How Effective can they be at Mitigating Risk?ted with equity. Income contingent loans (ICL) represent an efficient (low transactions cost) way of implementing equity contracts for human capital.. The amount the individual repays is dependent on his or her income. While it seems natural to link ICL with investments that increase the value of hu

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Income Contingent Loans as a Risk Management Device (i) market loans under asymmetric information, and to (ii) tax-funded provision. In particular, if individuals expect to repay the loan in full, then reducing labor participation does not remove the obligation to repay, and each additional unit of income earned allows an additional dollar of consum

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