How Long to Read Income Contingent Loans for Paid Parental Leave

How Long Does it Take to Read Income Contingent Loans for Paid Parental Leave?

It takes the average reader and 20 minutes to read Income Contingent Loans for Paid Parental Leave by Bruce James Chapman

Assuming a reading speed of 250 words per minute. Learn more

Description

In its draft report on paid parental leave (PPL) in Australia, the Productivity Commission recommends a taxpayer funded scheme of 18 weeks duration. A case for government subsidy of PPL can be made on the basis that the social benefits exceed the advantages accruing directly to families. However, as there are also indisputable private benefits accruing to the parents taking leave, there is a case for private contributions. This paper identifies a market failure in that commercial banks will not provide funds in the absence of collateral due to repayment uncertainty during parental leave, a situation quite similar to the market failure inherent with respect to the financing of tuition for higher education. To address this financing impasse, the paper considers how an income contingent loan could be used as an optional supplement to a taxpayer funded PPL scheme. Moral hazard and adverse selection are critical policy issues and these are addressed in the scheme design by: restricting loan duration and size; restricting eligibility to parents with workforce attachment; reducing minimum repayment thresholds to below those of HECS; imposing a loan surcharge; and, making the debt an obligation of both parents. It explains and presents simulations of debt, repayment and subsidies for different households. The results show that an optional top-up income contingent loan would not require major contributions from taxpayers, yet would introduce flexibility and choice and would provide consumption-smoothing and lifetime income distribution advantages over possible alternatives. (Author abstract, edited)

How long is Income Contingent Loans for Paid Parental Leave?

Income Contingent Loans for Paid Parental Leave by Bruce James Chapman is 20 pages long, and a total of 5,000 words.

This makes it 7% the length of the average book. It also has 6% more words than the average book.

How Long Does it Take to Read Income Contingent Loans for Paid Parental Leave Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 27 minutes to read Income Contingent Loans for Paid Parental Leave aloud.

What Reading Level is Income Contingent Loans for Paid Parental Leave?

Income Contingent Loans for Paid Parental Leave is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Income Contingent Loans for Paid Parental Leave?

Income Contingent Loans for Paid Parental Leave by Bruce James Chapman is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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