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Income Contingent Loans: Some General Theoretical Considerations, with Applications

Stiglitz, Joseph E.

Income-contingent loan programs run by governments represent an important social innovation, an improvement over previous mechanisms for funding investment such as education and now showing its merits in a host of other arenas. This paper, and the other papers presented in this session, lay out the theory of income-contingent loans and describe experiences with this type of program in education and other areas.

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Also Published In

Title
Contemporary Issues in Microeconomics
Publisher
Palgrave Macmillan
DOI
https://doi.org/10.1057/9781137529718_7

More About This Work

Academic Units
Economics
Published Here
April 15, 2019

Notes

Also published in IEA Conference Volume, No. 155-III