The Effect of School Voucher Spending on Initial Earnings

Juan Correa, Francisco Parro and Rafael Sanchez

No 14552, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We quantify the effect of school voucher spending on initial earnings. We use administrative data on the monetary resources received by schools from a targeted voucher program implemented in Chile. We merge this dataset with education and labor market administrative records for the universe of students enrolled in the Chilean education system. We find that an increase of US$100 in the yearly expenditure of voucher resources per student raises initial earnings by 2.3%. However, we find that the positive effect of voucher spending only holds for private voucher schools that operate in local education markets with low enrollment concentration.

Keywords: school vouchers; education spending; earnings (search for similar items in EconPapers)
JEL-codes: H52 I22 I26 I28 (search for similar items in EconPapers)
Pages: 59 pages
Date: 2021-07
New Economics Papers: this item is included in nep-dev, nep-edu, nep-lam and nep-ure
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