The aim of this article is twofold. First, we show that despite students' disadvantaged backgrounds and despite not having more financial resources than similar schools, there are schools in Chile that serve low-income students and that obtain superior academic outcomes. Second, we present...

Macroeconomics would not be what it is today without Edmund Phelps. This book assembles the field's leading figures to highlight the continuing influence of his ideas from the past four decades. Addressing the most important current debates in macroeconomic theory, it focuses on the rates at...

This paper estimates the impact of private education on the academic achievement of low-income students in Chile. To deal with selection bias, we use propensity score matching to compare the test scores of reduced-fee paying, low-income students in fee-charging private voucher schools to those...