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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

Contemporary Issues in Microeconomics
Palgrave Macmillan

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April 15, 2019


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