DUGiDocsEstimating taxpayer subsidies and individual repayment burdens of a student loan program in Spain
dc.contributor.author
dc.date.accessioned
2018-05-22T08:41:45Z
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2018-05-22T08:41:45Z
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2017
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0210-1173
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dc.description.abstract
We study the program Préstamos Renta Universidad that provided loans to Master's students in Spain between 2007 and 2010. We estimate predicted income functions and calculate individual repayment burdens and government cost using unconditional quantile regression analysis. We exploit the changing conditions of the successive calls to illustrate three important lessons for the design of student loan schemes: fixed monthly repayments exert an excessive burden to graduates at the lower end of the income distribution; general interest rate subsidies are costly to the taxpayer and unfairly distributed; while the deferment of payments due in case of hardship protects low earners, general grace periods are costly and inequitable
dc.description.sponsorship
Financial support from the Spanish Ministry of Science (projects ECO2013-45395-R and ECO2013-48496-C4-4-R), the Regional Government of Aragón and FSE (project S125: Compete Research Group) and the Generalitat de Catalunya (contract 2014 SGR 1360, and the XREPP) is gratefully acknowledged
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application/pdf
dc.language.iso
eng
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Instituto de Estudios Fiscales
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info:eu-repo/grantAgreement/MINECO//ECO2013-45395-R/ES/BIENESTAR, MECANISMOS DE ASIGNACION Y POLITICAS PUBLICAS/
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Reproducció digital del document publicat a: https://doi.org/10.7866/HPE-RPE.17.1.3
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© Hacienda Publica Espanola, 2017, vol. 220, núm. 1, p. 89-106
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Articles publicats (D-EC)
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Tots els drets reservats
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dc.title
Estimating taxpayer subsidies and individual repayment burdens of a student loan program in Spain
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info:eu-repo/semantics/article
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info:eu-repo/semantics/embargoedAccess
dc.date.embargoEndDate
info:eu-repo/date/embargoEnd/2026-01-01
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info:eu-repo/semantics/publishedVersion
dc.identifier.doi
dc.identifier.idgrec
026872
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