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.

This volume provides a discussion from world-renowned scholars on contemporary issues in microeconomics

Table of ContentsList of FiguresList of TablesForewordNotes on ContributorsIntroductionPart I: Inequality, Poverty, and Security1. The UTIP Global Inequality Data Sets 1963-2008. Updates, Revisions and Quality Checks; James K. Galbraith, Beatrice Halbach, Aleksandra Malinowska, Amin Shams and Wenjie Zhang2. Multidimensional Poverty Measurement: The Mexican Wave; Gonzalo Hernández Licona3. Inequality, Economic Growth and Natural Ressources Rent: Evidence From The Middle East and North Africa; Hamid E. Ali and Sara M. Sami4. Inequality Impacts of Oil Dependence in the Mena; Sevil Acar 5. Housing and Saving in Retirement Across Countries; Makoto Nakajima and Irina A. TelyukovaPart II: Income Contingent and Student Loans6. Income Contingent Loans; Joseph E. Stiglitz7. Income Contingent Loans as a General Risk Management Instrument; Bruce Chapman8. Utilising the Transactional Efficiencies of Contingent Loans - A General Framework for Policy Application; Richard Denniss9. Income Contingent Loans for Social Policy: the Case of Paid Parental Leave; Timothy Higgins10. Illustrating Trade-Off Between Interest Rates and Aggregate Loan Recovery of the Student Loans Fund in Thailand; Kiatanantha Lounkaew11. The Financial Capacity of German University Graduates to Repay Student Loans; Mathias G. SinningIndex