Majority Choice of an Income-Targeted Educational Voucher

Dennis Epple, Richard Romano and Sinan Sarpça

American Economic Journal: Microeconomics, 2018, vol. 10, issue 4, 289-325

Abstract: A model of majority choice of voucher characteristics with quantitative counterpart explains observed income eligibility requirements for educational vouchers. Households differ by income and preference for religious schooling. They elect a policy maker who chooses public school expenditure, a voucher, a maximum income for voucher eligibility, and a tax to finance public expenditure. Equilibrium has a voucher below per student public expenditure, an eligibility threshold near 300 percent of the poverty level, and a majority in public school though with substantial voucher usage, all properties typical of U.S. voucher programs. Disallowing a voucher leads to higher per student public expenditure.

JEL-codes: D72 H44 H71 I21 I22 I28 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.1257/mic.20160141
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Citations: View citations in EconPapers (4)

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