HECS is an income contingent loan designed to collect tuition from Australian university students. The debt is collected on the basis of recorded incomes and as a consequence, debtors living overseas will not repay. Using various data sources and assumptions, multiple scenarios are considered in...

A mortality surface is a measure of mortality indexed by year and age. A central limit theorem for aggregate data is established for the mortality surface defined by the logistic transform of the year and age-specific probability of death and this is used to postulate and estimate a regression...

The Higher Education Contribution Scheme (HECS) is an income‐contingent loan designed to collect tuition from Australian university students. The debt is collected on the basis of recorded incomes and, as a consequence, debtors living overseas will not repay. Using various data sources and...

This paper argues that an income contingent loan (ICL) should be considered for tertiary student living costs as a supplement to existing income support policy in Australia. It is shown that income support remains insufficient despite recent improvements to policy, and that as little as $1,500...

The implications of earnings model complexity to costing income contingent loans (ICL) are investigated. Models of hourly wage are developed using the first seven waves of the Household, Income and Labour Dynamics in Australia (HILDA) Survey, starting with a simple mean fit. The residuals are...

Sub-Saharan Africa has seen steep increases in life expectancy over the past few decades, but there is sparse research into mortality modelling and forecasting for this region. Kenya's life expectancy, for example, has been increasing at a rate of 0.88 per year over the last two decades. We...

On Mother’s Day, May 10, 2009, the federal government announced an 18 week paid maternity leave scheme to be funded by taxpayers would be introduced in January 2011. This followed a one year review process beginning with the Productivity Commission (PC) being asked to enquire into the social...