The Experts below are selected from a list of 273 Experts worldwide ranked by ideXlab platform

Bruce Chapman - One of the best experts on this subject based on the ideXlab platform.

  • Modelling Higher Education Financing reform for Ireland
    Economics of Education Review, 2019
    Co-Authors: Bruce Chapman, Aedin Doris
    Abstract:

    This paper examines the feasibility of various alternative potential student loan schemes for Ireland. Using National Employment Survey data for 2006, we model the life-cycle earnings distribution for Irish graduates. We then use these estimates to simulate the effects of alternative types of student loans, including mortgage-type (government guaranteed bank) loans and income-contingent loans of various designs, incorporating participation and migration patterns into the simulations. The results show that mortgage-type loans entail unsustainably high repayment rates for low income graduates. Through the specification of several alternative income-contingent loan schemes, it is demonstrated that this approach to Higher Education Financing is feasible in terms of affordability for graduates and with respect to implied government subsidies. There are some important policy design issues to be addressed and we conclude with some recommendations for a future Irish scheme.

  • student Financing of Higher Education
    2017
    Co-Authors: Darragh Flannery, Aedin Doris, Bruce Chapman
    Abstract:

    The need for further investment in Higher Education, combined with fiscal constraints and concerns about accessibility and affordability, has placed the Higher Education Financing system in Ireland in focus. In this context, this chapter first discusses the advantages and disadvantages of various Higher Education funding systems, both state and student based. The results of two separate empirical analyses that examine the introduction of several alternative student Financing systems in Ireland are then presented. These raise equity concerns related to a graduate tax scheme and default concerns with a mortgage-style loan system. They also show that an income contingent loan (ICL) system for Ireland is workable, although careful consideration must be given to the setting of interest rates and the issue of graduate emigration in implementing such a system.

  • Income contingent loans in Higher Education Financing
    IZA World of Labor, 2016
    Co-Authors: Bruce Chapman
    Abstract:

    Around nine countries currently use a national income contingent loan (ICL) scheme for Higher Education tuition using the income tax system. Increased international interest in ICL validates an examination of its costs and benefits relative to the traditional Financing system, government-guaranteed bank loans (GGBLs). Bank-type loans exhibit poor economic characteristics: namely, repayment hardships for the disadvantaged, and default. This damages credit reputations and can be associated with high taxpayer subsidies. ICLs avoid these problems, but effective collection of debt requires a sophisticated mechanism.

  • student loan reforms for german Higher Education Financing tuition fees
    Education Economics, 2014
    Co-Authors: Bruce Chapman, Mathias Sinning
    Abstract:

    It is generally agreed that the funding base for German universities is inadequate and perhaps the time has come for serious consideration of the imposition of nontrivial tuition charges. This article compares conventional and income contingent loans (ICLs) for Financing tuition fees at German universities. Two aspects are considered: the size of repayment burdens associated with mortgage-style loans, and the time structure of revenue to the government from a hypothetical ICL. We find that tuition fees could increase considerably with the use of an ICL system similar to policy approaches used in Australia, England and New Zealand.

  • student loan reforms for german Higher Education Financing tuition fees
    Research Papers in Economics, 2011
    Co-Authors: Bruce Chapman, Mathias Sinning
    Abstract:

    It is generally agreed that the funding base for German universities is inadequate and perhaps the time has come for serious consideration of the imposition of non-trivial tuition charges. Against this background, this paper compares conventional and income contingent loans for Financing tuition fees at German universities. With the use of unconditional age-income quantile regression approaches our analysis considers two critical aspects of the loan debate: the size of repayment burdens associated with normal mortgage-style loans, and the time structure of revenue to the government from a hypothetical income contingent loan scheme. It is found tuition fees at German universities could increase considerably with the use of an income contingent loan system based on current policy approaches used in Australia, England and New Zealand.

John Kennan - One of the best experts on this subject based on the ideXlab platform.

  • spatial variation in Higher Education Financing and the supply of college graduates
    Social Science Research Network, 2015
    Co-Authors: John Kennan
    Abstract:

    In the U.S. there are large differences across States in the extent to which college Education is subsidized, and there are also large differences across States in the proportion of college graduates in the labor force. State subsidies are apparently motivated in part by the perceived benefits of having a more educated workforce. The paper extends the migration model of Kennan and Walker (2011) to analyze how geographical variation in college Education subsidies affects the migration decisions of college graduates. The model is estimated using NLSY data, and used to quantify the sensitivity of migration and college enrollment decisions to differences in expected net lifetime income, focusing on how cross-State differences in public college Financing affect the Educational composition of the labor force. The main finding is that these differences have substantial effects on college enrollment, and that these effects are not dissipated through migration.Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org.

  • spatial variation in Higher Education Financing and the supply of college graduates
    National Bureau of Economic Research, 2015
    Co-Authors: John Kennan
    Abstract:

    In the U.S. there are large differences across States in the extent to which college Education is subsidized, and there are also large differences across States in the proportion of college graduates in the labor force. State subsidies are apparently motivated in part by the perceived benefits of having a more educated workforce. The paper extends the migration model of Kennan and Walker (2011) to analyze how geographical variation in college Education subsidies affects the migration decisions of college graduates. The model is estimated using NLSY data, and used to quantify the sensitivity of migration and college enrollment decisions to differences in expected net lifetime income, focusing on how cross-State differences in public college Financing affect the Educational composition of the labor force. The main finding is that these differences have substantial effects on college enrollment, and that these effects are not dissipated through migration.

Francis Green - One of the best experts on this subject based on the ideXlab platform.

  • The determinants of student loan take-up in England
    Higher Education, 2019
    Co-Authors: Ariane Gayardon, Claire Callender, Francis Green
    Abstract:

    Recent changes in Higher Education Financing policies in England have led to more students funding their studies via two types of student loan—for tuition fees and/or for maintenance. Moreover, the average amount borrowed has been increasing. Yet not all students take out loans, and understanding the determinants of take-up is important, not least because those who can manage to study without borrowing enjoy significant advantages both during and after their studies. Using Next Steps, a unique dataset with data on both types of loan and rich information on students’ backgrounds and their attitudes to debt, we analyse loan take-up by type of loan. We estimate the strength of the association of loan take-up with each of students’ family income, indicators of family wealth (home ownership, private Education, not living in a deprived area, social class), parental Education, gender, ethnicity and debt aversion. Of these, only social class is found to have no independent effect. We find that these associations can differ according to the type of debt. We also find that, while students from some disadvantaged groups are less likely to take out maintenance loans, this association is accounted for by students living at home while studying, a prime mechanism for debt avoidance.

Aedin Doris - One of the best experts on this subject based on the ideXlab platform.

  • Modelling Higher Education Financing reform for Ireland
    Economics of Education Review, 2019
    Co-Authors: Bruce Chapman, Aedin Doris
    Abstract:

    This paper examines the feasibility of various alternative potential student loan schemes for Ireland. Using National Employment Survey data for 2006, we model the life-cycle earnings distribution for Irish graduates. We then use these estimates to simulate the effects of alternative types of student loans, including mortgage-type (government guaranteed bank) loans and income-contingent loans of various designs, incorporating participation and migration patterns into the simulations. The results show that mortgage-type loans entail unsustainably high repayment rates for low income graduates. Through the specification of several alternative income-contingent loan schemes, it is demonstrated that this approach to Higher Education Financing is feasible in terms of affordability for graduates and with respect to implied government subsidies. There are some important policy design issues to be addressed and we conclude with some recommendations for a future Irish scheme.

  • student Financing of Higher Education
    2017
    Co-Authors: Darragh Flannery, Aedin Doris, Bruce Chapman
    Abstract:

    The need for further investment in Higher Education, combined with fiscal constraints and concerns about accessibility and affordability, has placed the Higher Education Financing system in Ireland in focus. In this context, this chapter first discusses the advantages and disadvantages of various Higher Education funding systems, both state and student based. The results of two separate empirical analyses that examine the introduction of several alternative student Financing systems in Ireland are then presented. These raise equity concerns related to a graduate tax scheme and default concerns with a mortgage-style loan system. They also show that an income contingent loan (ICL) system for Ireland is workable, although careful consideration must be given to the setting of interest rates and the issue of graduate emigration in implementing such a system.

Mathias Sinning - One of the best experts on this subject based on the ideXlab platform.

  • student loan reforms for german Higher Education Financing tuition fees
    Education Economics, 2014
    Co-Authors: Bruce Chapman, Mathias Sinning
    Abstract:

    It is generally agreed that the funding base for German universities is inadequate and perhaps the time has come for serious consideration of the imposition of nontrivial tuition charges. This article compares conventional and income contingent loans (ICLs) for Financing tuition fees at German universities. Two aspects are considered: the size of repayment burdens associated with mortgage-style loans, and the time structure of revenue to the government from a hypothetical ICL. We find that tuition fees could increase considerably with the use of an ICL system similar to policy approaches used in Australia, England and New Zealand.

  • student loan reforms for german Higher Education Financing tuition fees
    Research Papers in Economics, 2011
    Co-Authors: Bruce Chapman, Mathias Sinning
    Abstract:

    It is generally agreed that the funding base for German universities is inadequate and perhaps the time has come for serious consideration of the imposition of non-trivial tuition charges. Against this background, this paper compares conventional and income contingent loans for Financing tuition fees at German universities. With the use of unconditional age-income quantile regression approaches our analysis considers two critical aspects of the loan debate: the size of repayment burdens associated with normal mortgage-style loans, and the time structure of revenue to the government from a hypothetical income contingent loan scheme. It is found tuition fees at German universities could increase considerably with the use of an income contingent loan system based on current policy approaches used in Australia, England and New Zealand.