1,721,169 research outputs found
A Submission on Financing Issues to the Department of Education Science and Training Inquiry into Higher Education
Get PDFAt the end of 2002 or thereabouts the Commonwealth Government will be announcing changes to the financing of Australian higher education. The paper addresses the major issues, beginning with a brief history of university funding arrangements. This is followed by an conceptual analysis of financing models, on which it is demonstrated that the best way to manage student charges is with an income contingent loan, such as HECS. The paper explores some aspects of current university conditions. It is shown that over the past twenty years or so there has been a significant decrease in the relative salary levels of academics, and that over the last few years staff/student ratios have fallen significantly. Some part of the deterioration in conditions can be traced to the implementation of an inadequate indexation arrangement for government grants, instituted in 1995. That is, with respect to allowing the maintenance of earnings matching average Australian wage increases, public sector outlays have been falling. These falls are above and beyond what has occurred with the justifiable switch in financial contributions from taxpayers to students. Those arguing for some restoration of government support have a point.
A smarter way to fund recovery: Why Ukraine needs GDP‑contingent loans
No full textAs Ukraine faces mounting debt and uncertain recovery, a new kind of loan could offer vital relief, one that grows with the economy and waits till it can pay, write Dr Jan Libich and Bruce Chapman.</p
Income-Contingent Financing of Student Charges for Higher Education: Assessing the Australian Innovation
No full text In Australia in 1989, for the first time in the world, a broadly-based, income-contingent loan policy for the repayment of higher education charges was adopted. In this article Bruce Chapman and Chris Ryan argue that compared to all possible alternatives, income contingent loans are preferable for both economic and social reasons, so long as the administrative context allows efficient collection of the debt
Developing equitable and affordable government responses to drought in Australia
No full textUnder the National Drought Policy, created in 1992, federal government support for farmers comes predominantly in two forms: interest rate subsidies and a special welfare payment. Support under these programs is only available to farmers in defined areas which have been declared to be experiencing \u27exceptional circumstances\u27. In this paper Bruce Chapman and Linda Botterill describe a number of problems with this approach and outline an alternative based on the Higher education Contribution Scheme
Using rewards to catch white collar criminals
No full textThey propose that financial incentives be offered to individuals or firms participating in illegal activity in return for the provision of evidence against other participants. In order to ensure that attractive incentives can be offered, and large fines levied, it is also proposed that a revenue contingent payment mechanism be utilised to extract both incentive payments and fines from firms and individuals convicted of these offences. The use of a revenue contingent penalty payment increases the certainty of collecting penalties while reducing the incentive for recourse to bankruptcy. Bruce Chapman is a research fellow at Australian National University  
HECS system changes: impact on students
Get PDFGilian Beer and Bruce Chapman examine the impact of changes to Australia\u27s student financing system on various hypothetical students who choose the government\u27s proposed deferred payment options, HECS-HELP and FEE-HELP. The present values of their HECS repayments under the existing (2004) system are compared with the present values of repayments under various alternative systems
Income contingent loans for higher education: international reform
Get PDFSince the late 1980s income contingent loans have been adopted in, or recommended for, a significant and growing number of countries. Looking at countries with both successful and unsuccessful schemes, Bruce Chapman shows that the operational and design features of such schemes are of fundamental importance with respect to their potential efficacy. It also seems to be the case that in many institutional and political environments there is not yet the administrative sophistication to make income contingent loans viable, although for reasons documented this is unlikely to be the case for the vast majority of OECD countries. For one country, Australia, there is now a significant amount of research into the consequences of income contingent loans, and the evidence is explored in some detail. The investigation into the Australian experience helps in the development of a research agenda
Profit related loans for economically disadvantaged regions
Get PDFBruce Chapman and Ric Simes outline a potential new approach for the public sector in assisting regional economies. A novel aspect of their proposal involves the government providing some proportion of the required finance in the form of a loan to be repaid by the enterprise only when and if the project becomes economically successful. This form of government intervention, known as income related loans, is designed to limit the extent of economic risks faced by the enterprise, and has the desirable equity characteristic of repaying to taxpayers some return to their investment
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