Navigating Higher Education Insurance: An Experimental Study on Demand and Adverse Selection

We conduct a survey-based experiment with 2,776 students at a non-profit university to analyze income insurance demand in education financing. We offered students a hypothetical choice: either a federal loan with income-driven repayment or an income-share agreement (ISA), with randomized framing of我们在一所非营利性大学对2776名学生开展了一项基于调查的实验，旨在分析教育融资场景下的收入保险需求。我们为学生提供了一个假设性选择：要么选择带有收入驱动型还款条款的联邦贷款，要么选择收入分成协议（ISA），并采用随机化的框架设计。