Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/245603 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14552
Publisher: 
Institute of Labor Economics (IZA), Bonn
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.
Subjects: 
school vouchers
education spending
earnings
JEL: 
H52
I22
I26
I28
Document Type: 
Working Paper

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