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The evolution of income distribution is studied in a dynamic model of education choice. In this model, both public and private education are available. Public education is financed using a tax rate determined by majority voting. The analysis focuses on neoclassical growth in order to ensure...
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This paper analyzes the effect of school vouchers on student sorting — defined as a flight to private schools by high-income and committed public-school students — and whether vouchers can be designed to reduce or eliminate it. Much of the existing literature investigates sorting in cases...
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