In:
American Economic Journal: Microeconomics, American Economic Association, Vol. 10, No. 4 ( 2018-11-01), p. 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 US voucher programs. Disallowing a voucher leads to higher per student public expenditure (JEL D72, H44, H71, I21, I22, I28).
Type of Medium:
Online Resource
ISSN:
1945-7669
,
1945-7685
DOI:
10.1257/mic.20160141
Language:
English
Publisher:
American Economic Association
Publication Date:
2018
detail.hit.zdb_id:
2442378-6
detail.hit.zdb_id:
2452644-7
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