the team

Map 17.01.19


Dr Shiro Armstrong

Shiro Armstrong is Director of the Australia-Japan Research Centre and Director of the East Asian Bureau of Economic Research at the Crawford School of Public Policy at the Australian National University. He is Editor of the East Asia Forum and East Asia Forum Quarterly. He specialises on East Asian economic integration and the East Asian economies, including Japan. He is a Research Associate at the Center on Japanese Economy and Business at Columbia University; Research Scholar at the Research Institute of Economy, Trade and Industry (RIETI) and Visiting Associate Professor at Keio University. He has been Visiting Scholar at Tokyo University, Peking University, Harvard and was the Gary Saxonhouse Fellow at Columbia University in 2011. He is recipient of an Australian Government Endeavour Research Fellowship, Gary Saxonhouse Prize Fellowship for Japanese Economics, Crawford Award, and Japan Foundation Fellowship. He holds a PhD in economics from the ANU. He has won four Vice Chancellor’s awards for his role in public policy outreach. He has published five edited books and has over a dozen peer reviewed academic journal publications.


Professor Bruce Chapman

Bruce Chapman is the Sir Roland Wilson Chair of Economics in the College of Business and Economics at the Australian National University. Bruce received his bachelor degree (First Class Honors) from the Australian National University and PhD from Yale University.

He has consulted extensively on higher education policy, including developing the motivation and design of Australia’s Higher Education Contribution Scheme (the first national income contingent loan scheme using the income tax system for collection) in 1989. Over the past two decades he has served as a higher education financing consultant to the World Bank and the governments of Thailand, Papua New Guinea, Mexico, Canada, the UK, Ethiopia, Rwanda, Malaysia, Colombia, the US, Chile and China; as a consultant to the Bradley Review of Australian Higher Education on student income support; and as a consultant to the Australian Government’s Base Funding Review. Chapman also served as a senior economic advisor to Prime Minister Paul Keating.

Bruce has published over 200 papers on a range of issues, including income contingent loans, long-term unemployment, the meaning of job flows data, the economics of crime, the economics of cricket, fertility, marital separation and government as risk manager. Over the last several years he has convened conferences and written extensively on the application of income contingent loans to a host of social and economic reform issues.

He was elected to the Academy of the Social Sciences of Australia in 1993, received an Order of Australia in 2003 for contributions to economic policy, and was elected president of the Australian Society of Labour Economics (2004-07) and president of the Economics Society of Australia (2007-13). He was made distinguished fellow of the Economics Society of Australia in 2015.

Bruce’s website
Bruce’s CV

Dr Dung Doan

Dung Doan is a Research Fellow at the Research School of Economics at the Australian National University (ANU) and a Research Associate at the Centre for Global Higher Education (CGHE), University College London. Before joining ANU and CGHE, she worked at The World Bank in Washington D.C., focusing on poverty, spatial inequality and child malnutrition in South Asia region and providing technical assistance to governmental and private development partners in Sri Lanka, Pakistan and India. Her current research focuses on improving the measurement of repayment burdens of student loans and designing income-contingent loans in Korea, the US, and Vietnam. Dung received her Ph.D. in Economics from the Australian National University.

Dung’s CV

Associate Professor Tim Higgins

Tim Higgins is an Associate Professor at the College of Business and Economics at the Australian National University (ANU).

Tim has been involved extensively in the recent Australian higher education debate. This has included research which culminated in the passage of legislation in 2016 to collect repayments from HELP debtors who move overseas; and as an adviser to the Higher Education Legislation and Finance working in 2014, where his research with Bruce Chapman, into the implications of real debt indexation, influenced the Government’s decision to remove bond indexation from the 2014 Higher Education Reform Bill. Dr Higgins is co-editor and author of a recent book Income Contingent Loans: Theory, Practice and Prospects with Professor Bruce Chapman and Nobel Laureate, Joseph Stiglitz, launched at the 2014 International Economics Association World Congress in Jordan.


Gabrielle Penrose

Gabrielle Penrose is a graduate economist at the Reserve Bank of Australia. She holds a Bachelor of Arts in sociology and a Bachelor of Economics (Hons) from the Australian National University. Under the supervision of Professor Bruce Chapman, her undergraduate honours thesis focused on Colombian student loan policy and Colombian graduate earnings. She has also contributed to CISLR’s work in a research assistant capacity.

Gabrielle’s CV

Associate Professor Mathias Sinning

Associate Professor Mathias Sinning is the Deputy Director of the Tax and Transfer Policy Institute of the Australian National University (ANU). He has previously held academic appointments at the ANU and the University of Queensland and has been a Visiting Fellow at Princeton University.

Mathias is interested in the empirical analysis of issues related to labor economics, public economics and policy evaluation. He has published articles in journals such as Economic Inquiry, Health Economics, Journal of Banking and Finance, and Journal of Economic Behavior and Organization. He is currently working on the projects “Understanding Dynamic Aspects of Economic Inequality” and “Applying Behavioral Insights to the Tax System in Australia” funded by the Australian Research Council.

Mathias’ website
Mathias’ CV


Paulo Nascimento

Paulo Nascimento is a Research Officer at the Brazilian Institute for Applied Economic Research. His research is currently concentrated on modelling and designing income contingent loans for higher education and beyond.



Dr Yu Cai

Yu Cai is a lecturer at the School of Economics and Management at Tongji University in Shanghai, and has empirically studied student loan schemes in China.


Assistant Professor Qing Wang

Qing Wang is an Assistant Professor at Peking University HSBC Business School. She obtained her Ph.D. in Economics from the University of Illinois. Her research interests include demographic and labour economics, development economics, public policy and entrepreneurship. Her current study focuses on China’s education system including higher education financing and its economic implication to human capital.

Qing’s CV


Dr Daniel Suryadarma

Daniel Suryadarma conducts applied economics research in the areas of education, poverty and social policy. His work has appeared in peer-reviewed journals, including American Economic Journal: Applied Economics and Journal of Development Economics. His research has informed policy discussions at the Indonesian Vice President’s Office, Indonesian Ministry of Education and Culture, Australian Aid Program and the World Bank.

Daniel is currently the Deputy Team Leader of the RISE Programme in Indonesia, based at the SMERU Research Institute in Jakarta. Daniel is also an honorary lecturer at the Australian National University, a member of the expert roster at the International Initiative for Impact Evaluation (3ie), and an assessor for the Australian Research Council.

Daniel’s CV


Dr Aedín Doris

Aedín Doris is an applied labour economist working at Maynooth University since 1997, having obtained her PhD from the European University Institute, Florence. Her research is mainly focused on policy-relevant empirical issues: on gender issues related to labour supply and earnings; on gender and broader equality issues in education; on inequality and earnings dynamics in the Irish labour market; on behavioural responses to benefit cuts; and on higher education funding. She contributed to a recent government report on the potential role for income-contingent loans in Irish higher education funding and has been prominently involved in the public discussion of this report.



Dr Darragh Flannery

Darragh Flannery is a Lecturer in Economics, at the Kemmy Business School, at the University of Limerick. He holds a PhD in Economics from the National University of Ireland, an MSc in Economics (NUIG) and a primary degree in Business Studies (UL). He specialises in applied microeconometrics with a specific focus on issues relating to higher education policy. These include higher education participation, the spatial economic of higher education, the returns to education and higher education financing. He has published over 20 peer-reviewed publications across these topics and has been involved at a policy level on the issue of higher education financing in Ireland.

Darragh’s CV


Professor Nobuko Nagase

Nobuko Nagase is a Professor of Labour Economics and Social Policy at Ochanomizu University in Tokyo, Japan. Her interests include wage structure and work choice, labour market regulations and social security, tax and other institutional effects on work and gender, marital behavior and child-birth timing. Nagase has conducted empirical studies on student loan, child care supply, public pension, long-term care insurance, child care leave and other institutional features of the Japanese system.

She obtained her Ph.D. in 1995 and her B.A. in 1989 from the University of Tokyo, Economics Department. Nagase has served in governmental appointments such as the Tax Commission and Statistics Committee of the Japanese government. She serves as a member of the Science Council of Japan.

Results of her research have been published in various scholarly journals, including Econometric Review, Quarterly Journal of Social Policy, Asian Policy Economic Review, Japanese Economic Journal, and Journal of Population Problem.



Associate Professor Russayani Ismail

Russayani Ismail is an Associate Professor at the Department of Economics, School of Economics, Finance and Banking, College of Business, Universiti Utara Malaysia (UUM), Malaysia.

She holds a Graduate Certificate in Tertiary Education Management from LH Martin Institute, University of Melbourne in 2014, a doctorate (PhD in Economics) in 2006 from the University of Exeter, United Kingdom, Master of Science in Economics from the same university (1996) and a Bachelor Degree from International Islamic University Malaysia (1994). She was the Director at the Centre for Testing, Measurement and Appraisal, (CeTMA-UUM) (2013-2017) and the Director for the Institute of Economics Research, UUM.

Her areas of specialization include public sector economics, microeconomic theory and economics of education. She was appointed as a member of the Expert Committee by the Ministry of Education Malaysia in 2012 to undertake a study on the transformation of higher education financing in Malaysia with a specific focus on student loan issues in Malaysia. Apart from that she also involves in a number of studies on higher education financing which includes Tertiary Education Funding in the Small Islands of the Commonwealth Pacific Countries, funded by the Commonwealth Tertiary Education Facility, based in Malaysia.



Professor Medhi Krongkaew

Medhi Krongkaew is a Professor of Economics at the School of Development Economics, National Institute of Development Administration (NIDA) in Bangkok, Thailand.  He obtained his Ph.D. in economics from Michigan State University in 1976, and taught at the Faculty of Economics, Thammasat University before moving to NIDA in 2002. 

In 2003, in close cooperation with Professor Bruce Chapman, he helped design and implement the first Australian HECS-style income-contingent student loan scheme in Asia, for Thailand. This scheme became operational in 2006.

Medhi’s CV


Professor Nicholas Barr

Nicholas Barr is Professor of Public Economics at the London School of Economics and the author of numerous books and articles including The Economics of the Welfare State (OUP, 5th edn, 2012), Financing Higher Education: Answers from the UK (with Iain Crawford) (Routledge 2005), and Reforming Pensions: Principles and Policy Choices (with Peter Diamond) (OUP, 2008).

Alongside his academic work is wide-ranging involvement in policy, including spells at the World Bank and the International Monetary Fund, and as a member of the World Economic Forum’s Global Agenda Councils on Demographic Shifts and on Ageing Society. He has been active in policy debates, particularly on pension reform and higher education finance, advising governments in the post-communist countries, and in the UK, Australia, Chile, China, Hungary, New Zealand and South Africa.

A range of academic and policy writing can be found on here.

Nicholas’ website
Nicholas’ CV

Professor Lorraine Dearden

Lorraine Dearden is a Professor of Economics and Social Statistics at University College London and Research Fellow at the Institute for Fiscal Studies, where she has focused on college/higher education finance in the UK for the last 15 years.

Her research also covers other important issues such as widening access to higher education, the effect of student aid on college participation and the returns to college education in both the UK and Australia. Lorraine conducts research on a range of issues, including the impact of education and training on labour market outcomes and company performance; evaluation of education and labour market policies; conditional cash transfers for school students; the evaluation of childcare, home learning environment and early years policies on children’s and parents’ outcomes; the determinants and impact of early childhood adversity; ethnic inequality and discrimination; the determinants of the demand for different types of schooling; intergenerational income and education mobility; and program evaluation issues and methods.

She is a fellow of the Academy of Social Sciences and an IZA fellow. She has studied at University College London, the London School of Economics and Australian National University.

Lorraine’s website
Lorraine’s CV

Associate Professor Gill Wyness

Gill Wyness is an applied economist specializing in higher education research. She is an Associate Professor in the Department of Social Science at the University College London Institute of Education, a researcher at the Centre for Global Higher Education and an associate of the Centre for Economic Performance at the London School of Economics.

She is currently researching a number of topics concerning university access and success among students from low socio-economic backgrounds, including the impact of grants, loans and bursaries on higher education participation and outcomes, and the drivers and outcomes of university undermatch. 

Gill’s CV


Professor Sandy Baum

Sandy Baum is a fellow at the Urban Institute and professor emerita of economics at Skidmore College. Dr. Baum earned her B.A. in sociology at Bryn Mawr College, where she is currently a member of the Board of Trustees, and her Ph.D. in economics at Columbia University. She has written and spoken extensively on issues relating to college access, college pricing, student aid policy, student debt, affordability, and other aspects of higher education finance.

Dr. Baum has co-authored the College Board’s annual publications Trends in Student Aid and Trends in College Pricing since 2002. Through the College Board and the Brookings Institution, she has chaired major study groups that released proposals for reforming federal and state student aid. She has published numerous articles on higher education finance in professional journals, books, and the trade press. She was the principle researcher on the Urban Institute’s new website on college affordability and her recent work includes Urban Institute briefs on graduate student enrollments and financing. She is the author of Student Debt: Rhetoric and Realities of Higher Education Financing (Palgrave Macmillan 2016) and co-author with Harry Holzer of Making College Work: Pathways to Success for Disadvantaged Students (Brookings Institution Press 2017). She is a member of the Board of the National Student Clearinghouse.

Sandy’s website
Sandy’s CV

Professor Susan Dynarski

Susan M. Dynarski is professor of economics, education and public policy at the University of Michigan, co-director of the Education Policy Initiative, faculty research associate at the National Bureau of Economic Research, non-resident senior fellow at the Brookings Institution and president at the Association for Education Finance and Policy. Prior visiting fellow at the Federal Reserve Bank of Boston and Princeton University, she currently serves on the American Economic Journal/Economic Policy Board of Editors is a past editor of Education Finance and Policy, Journal of Labor Economics, and Educational Evaluation and Policy Analysis.

Dynarski’s research focuses on financial aid, postsecondary schooling and labour market outcomes and the effectiveness of school reform on academic achievement. She has consulted broadly on student aid reform, at the Federal Reserve Board of Governors, Consumer Financial Protection Bureau, White House, Treasury and Department of Education. She has testified to the US Senate Finance Committee, US House Ways and Means Committee and President’s Commission on Tax Reform.

Susan’s website 
Susan’s CV

Assistant Professor Constantine Yannelis

Constantine Yannelis joined Chicago Booth as an Assistant Professor of Finance in 2018. He conducts research in finance and applied microeconomics. His research focuses on consumer finance, public finance, human capital and student loans. His recent research explores repayment, information asymmetries and strategic behavior in the student loan market. Yannelis’ academic research has been featured in The Wall Street Journal, Financial Times, The New York Times, The Washington Post, The Economist, Bloomberg, Forbes and other media outlets.

Before joining Booth, Yannelis was an Assistant Professor of Finance at New York University Stern School of Business. Prior to his time at NYU Stern, he worked at the United States Department of the Treasury, the Organization for Economic Cooperation and Development, the United Nations and the Federal Reserve Bank of Chicago as an Associate Economist.

Yannelis earned a BA in economics and history from the University of Illinois at Urbana-Champaign and an MA in applied mathematics from Université de Paris I: Panthéon-Sorbonne. He holds a PhD in economics from Stanford University.

Constantine’s CV

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