Income Contingent Loans

Theory, Practice and Prospects

  • Bruce Chapman
  • Timothy Higgins
  • Joseph E. Stiglitz

Part of the International Economic Association Series book series (IEA)

Table of contents

  1. Front Matter
    Pages i-x
  2. Introduction and Summary

    1. Bruce Chapman, Timothy Higgins, Joseph E. Stiglitz
      Pages 1-11
  3. Income Contingent Loans: Background

    1. Bruce Chapman
      Pages 12-28
  4. Towards a Theory of Income Contingent Loans

  5. Practice in Higher Education

  6. Prospects Beyond Higher Education

  7. Commentary

  8. Back Matter
    Pages 260-273

About this book


This study explores the prospect of the application of the basic principles of ICL into many other potential areas of social and economic policy. Using case studies it evaluates previously implemented ICL schemes where interest rate subsidies are usually the norm, and questions the merits of this approach.


economic policy labor market money

Editors and affiliations

  • Bruce Chapman
    • 1
  • Timothy Higgins
    • 1
  • Joseph E. Stiglitz
    • 2
  1. 1.Australian National UniversityAustralia
  2. 2.Columbia UniversityUK

Bibliographic information