This paper uses a growth model with public and private education alternatives to investigate the implications of education vouchers for economic growth and the evolution of income inequality. The results indicate that introducing education vouchers can increase economic growth. Families that...

Using a sample of 306 estimates drawn from 31 primary studies, this paper conducts an empirical synthesis of the link between economic growth and government expenditure on education or health using meta-analysis. We also explain the heterogeneity in empirical results. We find that the effect of...