Australian National University, Australia, and IZA, Germany
IZA World of Labor role
Professor of Economics, College of Business and Economics, Australian National University, Australia
Government as risk manager, applied econometrics, student loans analysis
Positions/functions as a policy advisor
Consultant to the World Bank on student loans policy, various times; Consultant to the Australian Government on student loans design, 2014/15.
Professor of Economics, Department of Economics, Research School of Social Sciences, Australian National University, 1996–2006
PhD Economics, Yale University, 1982
"An analysis of Stafford loan repayment burdens." Economics of Education Review 45:C (2015): 89–102 (with K. Lounkaew).
"Student loan reforms for German higher education: Financing tuition fees." Education Economics 22:6 (2014): 569–588 (with M. Sinning).
"The costs of unpaid higher education contribution scheme debts of graduates working abroad." Australian Economic Review 46:3 (2013): 286–299 (with T. Higgins).
Income Contingent Loans: Theory, Practice and Prospects. New York: Palgrave McMillan, 2014 (edited with T. Higgins and J. E. Stiglitz).
Income-contingent loans in higher education financing Updated
Internationally, there has been a student financing revolution toward income-contingent loansBruce ChapmanLorraine Dearden, October 2022Around ten countries currently use a variant of a national income-contingent loans (ICL) scheme for higher education tuition. Increased international interest in ICL validates an examination of its costs and benefits relative to the traditional financing system, time-based repayment loans (TBRLs). TBRLs exhibit poor economic characteristics for borrowers: namely high repayment burdens (loan repayments as a proportion of income) for the disadvantaged and default. The latter both damages credit reputations and can be associated with high taxpayer subsidies through continuing unpaid debts. ICLs avoid these problems as repayment burdens are capped by design, eliminating default.MoreLess