school stayers by luring the best students to other schools. This framework results in a simple formula showing that the … students relative to weak students, and the importance of peers. We use the formula to investigate the effects of a voucher … program on the high school graduation rate of the students who would remain in public school. We employ NELS:88 data to …

of schooling on income and GDP growth. Much microeconometric evidence suggest that education is an important causal … determinant of income for individuals within countries. At a national level, however, recent studies have found that increases in … effect of changes in educational attainment on income growth in cross-country data is at least as great as microeconometric …