The system of shared educational finance in Chile started to operate in 1993 and is a complement to the traditional subsidized system. This relatively new system is based on the authorization given to registered educational establishments to charge students for their education. When an establishment receives a share of its financing from the students’families, the fiscal subsidy is diminished in a percentage of these funds. This paper analyzes how this mechanism influences expenditure decisions, and in particular how much families spend on education. The main conclusion of this analysis is that shared educational finance diminishes the cost of achieveing a higher level of education to students that where initially studying in free public establishments. This results in both an increase in educational attainment and a better focalization of public expenditure in education.
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Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía.
Volume (Year): 35 (1998) Issue (Month): 106 () Pages: 325-342 Download reference. The following formats are available: HTML,
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Find related papers by JEL classification: H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education I22 - Health, Education, and Welfare - - Education - - - Educational Finance I28 - Health, Education, and Welfare - - Education - - - Government Policy