"Chile´s experience suggests that we have much to learn about the consequences of education reform, especially school choice, and why it has not resulted in learning gains of the magnitude one might have predicted. This paper addresses these issues in two ways. First, we review the previous...

A possible trade-off between greater efficiency and equal opportunity is central to the debate on school vouchers, for instance. Whereas economists since Milton Friedman have argued that school choice would align provider incentives with the interests of consumers and thus lead to increases in...