Now that the U.S. Supreme Court has declared school voucher programs constitutional, the many unanswered questions concerning the potential effects of school choice will become especially pressing. Contributors to this volume draw on state-of-the-art economic methods to answer some of these...

Historically, most attention in public programs has been given to the resources devoted to the activity, and resources have been used to index both commitment and quality. Education differs from other areas of public expenditure because direct measures of outcomes are available, making it is...

This paper considers a major educational reform implemented in Chile, one that increased voucher payments by 50% for students in the lowest 40% of the income distribution. This increased the revenues that schools received for serving low-income students and lowered the relative prices of private...