I study the implications of various bankruptcy regimes for student loans on college investment, human capital accumulation, and earnings in a heterogeneous life-cycle economy with risky human capital investment. The option to discharge one’s debt under a liquidation regime helps alleviate some of the risk of investing in human capital. However, dischargeability triggers exclusion from borrowing...

Many countries are turning their attention to the use of explicit financial incentives to drive desired improvements in healthcare performance. However, we have only a weak evidence-base to inform policy in this area. The research challenge is to generate robust evidence on what financial incentives work, under what circumstances, for whom and with what intended and unintended consequences.

929 National Tax Journal Vol. LIX, No. 4 December 2006 Abstract A credit–method value–added tax, a payroll tax, and a business–level wage subsidy can approximate the economic and distributional consequences of a subtraction–method X–tax. Such a credit–method progressive consumption tax has administrative advantages as compared to a subtraction–method progressive consumption tax, once certain po...

This paper demonstrates the existence of two different kinds of externalities induced by an auditor servicing multiple clients at the same time. First, we show that the capital market price for a client can increase in the number of qualified reports that his auditor issues to his other clients, thus producing a stock price externality. Second, when the audit firm has limited wealth, an additio...

S. B. Gogia1, A. Maeder2, M. Mars3, G. Hartvigsen4, A. Basu5, P. Abbott6* 1 Society for Administration of Telemedicine and Healthcare Informatics (SATHI), New Delhi, India 2 School of Health Sciences, Flinders University, Bedford Park, Australia 3 Dept. of Telehealth, University of KwaZulu-Natal, South Africa 4 Norwegian Centre for E-health Research & University of Tromso – The Arctic Universit...

wealth has affected how the very rules of both societies are shaped, and has created disproportionately greater opportunities for those with substantial wealth. This paper considers taxation and philanthropy as possible means for reducing inequality. In analyzing policies on taxation and philanthropy, this paper concludes that despite limitations and unintended consequences, under the current s...

This work focuses on the unintended consequences of digital transformation in the context of higher education. We use this familiar context to problematize digital transformation by first discussing the evolution of a required college course over a twenty-year period. We show how increasing digitization under resource constraint lead to a fully online delivery and we highlight three unintended ...

This issue addresses the uneasy relation between 'best practices' in educational research and the consequences that often follow from efforts to implement practices deemed best. This relation is often complicated by the social phenomenon long recognized as "unintended consequences". It is proposed that controversies in education, as well as practices advanced as best, are shaped as the conseque...

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By now the importance of literacy in the process of development is widely accepted. However, unlike measuring welfare or inequality, the problem of literacy measurement remains largely unexamined. Alternatives to the standard literacy rate, R, equal to the number of literate adults as a percentage of the adult population, are not well known, but this measure has its deficiencies. In particular,...