I argue that the marketization of schools policy has a tendency to produce twin effects: an increase in educational inequality and an increase in general satisfaction with the schooling system. However, I claim that the effect on educational inequality is very much stronger where prevailing...

Do students benefit from compulsory schooling? Researchers using changes in compulsory schooling laws as instruments have typically estimated very high returns to additional schooling that are greater than the corresponding OLS estimates and concluded that the group of individuals who are...