Do income contingent student loans reduce labor supply?

Autor/inn/en	Britton, Jack; Gruber, Jonathan
Titel	Do income contingent student loans reduce labor supply? Gefälligkeitsübersetzung: Verringern einkommensabhängige Studienkredite das Arbeitsangebot?
Quelle	In: Economics of education review, 79 (2020) Art. 102061, 19 S.Infoseite zur Zeitschrift PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; Zeitschriftenaufsatz
ISSN	0272-7757
DOI	10.1016/j.econedurev.2020.102061
Schlagwörter	Einkommen; England; Finanzierung; Großbritannien; Kredit; Student; Studium; Auswirkung; Finanzpolitik; Anrechnung; Einkommen; Finanzierung; Finanzpolitik; Kredit; Arbeitskräfteangebot; Studium; Anrechnung; Auswirkung; Hochschulabsolvent; Student; England; Großbritannien
Abstract	"Government-backed income contingent student loans are increasingly being used to fund higher education. Until the outstanding balance is cleared, an income contingent repayment plan acts as an incremental marginal tax on earnings above a threshold. If this additional 'tax' on earnings reduces the labor supply and hence the earnings of borrowers, this could reduce both loan repayments and tax receipts, increasing the cost of funding higher education. This paper investigates this under-studied topic by exploring bunching at various loan repayment thresholds between 2002 and 2014, using a novel, linked administrative dataset from the United Kingdom. Our findings suggest that the UK's income contingent repayment plan does not cause borrowers to reduce labor supply, at least for those with earnings near to the threshold." (Author's abstract, IAB-Doku, © 2021 Elsevier).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2021/3