MURAL - Maynooth University Research Archive Library

    Modelling Higher Education Financing Reform for Ireland

    Doris, Aedin and Chapman, Bruce (2016) Modelling Higher Education Financing Reform for Ireland. Working Paper. Department of Economics, Finance and Accounting, Maynooth University.

    Download (631kB) | Preview

    Share your research

    Twitter Facebook LinkedIn GooglePlus Email more...

    Add this article to your Mendeley library


    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.

    Item Type: Monograph (Working Paper)
    Keywords: JEL Codes; I220; I280; H520; H810; Modelling; Higher Education; Financing; Reform; Ireland; Maynooth University Department of Economics, Finance and Accounting; Working Papers series N271/16;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 7213
    Depositing User: Aedin Doris
    Date Deposited: 08 Aug 2016 14:28
    Publisher: Department of Economics, Finance and Accounting
      Use Licence: This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

      Repository Staff Only(login required)

      View Item Item control page


      Downloads per month over past year

      Origin of downloads