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Lorraine Dearden

University College London, UK, and IZA, Germany

I am very excited to be part of IZA World of Labor and I hope that policymakers and academics involved in higher education funding reform find our article highlighting the huge benefits of using income-contingent loans in higher education financing useful and thought provoking

IZA World of Labor role

Author

Current position

Professor of Economics and Social Statistics in the Social Research Institute at University College London, UK

Research interest

Economics of education; labor economics; using data and advanced quantitative techniques to understand, evaluate, and inform economic and public policy making

Website

https://iris.ucl.ac.uk/iris/browse/profile?upi=LMDEA95

Positions/functions as a policy advisor

Adviser on higher education funding issues to governments of Australia, UK, Chile, Malaysia, Colombia, Brazil, and Japan

Past positions

Research Fellow, Institute for Fiscal Studies (1995–2021)

Qualifications

PhD in Economics, University College London, 1995

Selected publications

  • "Evaluating and designing student loan systems: An overview of empirical approaches." Economics of Education Review (2019).

  • Family Background and University Success: Differences in Higher Education and Access and Outcomes in England. Oxford: Oxford University Press, 2016 (with C. Crawford, J. Mickelwright, and A. Vignoles).

  • “Conditional cash transfers and school dropout rates.” Journal of Human Resources 44:4 (2009): 827–857 (with C. Emmerson, C. Frayne, and C. Meghir).

  • “Higher education funding policy.” Economic Journal 118:526 (2008): F100–F125 (with E. Fitzsimons, A. Goodman, and G. Kaplan).

  • “The effect of school quality on educational attainment and wages.” Review of Economics and Statistics 84:1 (2002): 1–20 (with C. Meghir and J. Ferri).

article(s)

  • Income-contingent loans in higher education financing Updated

    Internationally, there has been a student financing revolution toward income-contingent loans

    Bruce ChapmanLorraine Dearden, October 2022
    Around 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.
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