School Vouchers, Labor Markets and Vocational Education
Authors
Bettinger, Eric
Kremer, Michael
Kugler, Maurice
Medina-Durango, Carlos Alberto
Posso-Suárez, Christian Manuel
Juan Esteban, Saavedra
Editor
Publication date
2019-08-06
Document language
eng
Publisher
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Journal Title
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Abstract
We provide evidence on the long-run impact of vouchers for private secondary schools, evidence collected twenty years after students applied for the vouchers. Prior to the voucher lottery, students applied to either an academic or vocational secondary school, an important mediating factor in the vouchers’ impacts. We find strong tertiary education and labor market effects for those students who applied to vocational schools with almost no impact on those who applied to academic schools. The labor market gains for vocational students are strongest at the top of the distribution and null at the bottom of the distribution. We find additional long-run impacts on consumption, and teen-age fertility. The expected net present value of benefits to participants and to taxpayers was large and positive implying that the program was welfare improving unless net externalities were large and negative
Description
Códigos JEL
E51 - Money Supply; Credit; Money Multipliers, H24 - Personal Income and Other Nonbusiness Taxes and Subsidies, I22 - Educational Finance; Financial Aid, I23 - Higher Education; Research Institutions, I26 - Returns to Education, J13 - Fertility; Family Planning; Child Care; Children; Youth
item.page.subjectjelspa
E51 - Oferta monetaria; Crédito; Multiplicadores monetarios, H24 - Impuesto y subvenciones de la renta personal y otras rentas no empresariales, I22 - Financiación de la educación; Ayuda financiera, I23 - Centros de enseñanza superior y de investigación, I26 - Los rendimientos de la educación, J13 - Fecundidad; Planificación familiar; Atención a la infancia; Infancia; Jóvenes
Keywords
School choice, Scholarships, Formal earnings, Access to higher education, Access to consumer credit, Fertility
