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The Effects of Vouchers on School Results: Evidence from Chile's Targeted Voucher Program

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  • Juan A. Correa
  • Francisco Parro
  • Loreto Reyes

Abstract

We use data from Chile's targeted voucher program to test the effects of vouchers on school results. Targeted vouchers have delivered extra resources to low-income, vulnerable students since 2008. Moreover, under this scheme, additional resources are contingent on the completion of specific education reforms. Using a difference-in-differences approach and a market-level empirical analysis, we find a positive and significant effect of vouchers on standardized test scores. Additionally, our results highlight the importance of conditioning the delivery of resources to some specific academic goals in markets with institutional characteristics that prevent public schools from behaving as profit-maximizing firms.

Suggested Citation

  • Juan A. Correa & Francisco Parro & Loreto Reyes, 2014. "The Effects of Vouchers on School Results: Evidence from Chile's Targeted Voucher Program," Journal of Human Capital, University of Chicago Press, vol. 8(4), pages 351-398.
  • Handle: RePEc:ucp:jhucap:doi:10.1086/679282
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    References listed on IDEAS

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    1. William N. Evans & Robert M. Schwab, 1995. "Finishing High School and Starting College: Do Catholic Schools Make a Difference?," The Quarterly Journal of Economics, Oxford University Press, vol. 110(4), pages 941-974.
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    Cited by:

    1. Contreras, Dante & Elacqua, Gregory & Martinez, Matías & Miranda, Álvaro, 2016. "Bullying, identity and school performance: Evidence from Chile," International Journal of Educational Development, Elsevier, vol. 51(C), pages 147-162.
    2. Benjamin Feigenberg & Steven Rivkin & Rui Yan, 2017. "Illusory Gains from Chile's Targeted School Voucher Experiment," NBER Working Papers 23178, National Bureau of Economic Research, Inc.

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