During the 1990s economic expansion, the United States enjoyed both low inflation and low unemployment. Juhn, Murphy, and Topel (2002) point out that low unemployment for men in the 1990s was accompanied by historically high non-employment suggesting that the 1990s economy was not as strong as...

In this article, we review the empirical evidence on the impact of education vouchers on student achievement and briefly discuss the evidence from other forms of school choice. The best research to date finds relatively small achievement gains for students offered education vouchers, most of...