Cost of an Educational Voucher System
In this study, we suggest a framework for estimating the cost associated with a shift from the traditional method of financing and administering public schools in the US to an educational voucher system. The framework includes the accurate specification of the particular voucher plan, the system to be replaced, the setting where the plan will be applied, assumptions about the behaviour of schools and families under the plan, and the method for estimating costs. We then apply those parts of the framework that can be identified generically to compute illustrative 'ballpark' estimates in five cost areas: accommondating additional students, record keeping, student transportation, information to parents and dispute adjudication. Our estimates suggest that the public cost of a voucher plan in a representative US context could raise public educational costs by 25% or more. The costs of an overall governmental system of finance and structures that would support a voucher plan should no longer be ignored, as voucher plans are introduced and debated in the public policy arena.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 5 (1997)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/CEDE20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/CEDE20|
When requesting a correction, please mention this item's handle: RePEc:taf:edecon:v:5:y:1997:i:3:p:265-283. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.