With contributions from international scholars, this second volume
by Joseph Stiglitz and Martin Guzman comprises of theoretical,
empirical, and policy-based chapters which carefully utilize theory
and data analysis. Part I focuses on the issues of global
inequality, poverty measurement and security. Part II turns to the
issue of income contingent loans (ICL), where the repayment in any
year depends on the annual income of the individual. These loans
have proven to be an especially effective way of financing higher
education, but there has been experimentation of the use of these
loans in several other areas.
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