Public Education, communities and vouchers

María José Luengo-Prado; Oscar Volij

doi:10.1016/S1062-9769(02)00152-7

Public Education, communities and vouchers

María José Luengo-Prado, Oscar Volij

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

This paper examines the effects of school vouchers on the equilibrium of a simple two-community model with local provision of education. Individuals differ only in income and one community imposes a fixed cost on its residents. We show that the introduction of a simple voucher system can result in a Pareto improvement as an equilibrium phenomenon. This improvement brings higher education quality to both communities.

Original language	English
Pages (from-to)	51-73
Number of pages	23
Journal	Quarterly Review of Economics and Finance
Volume	43
Issue number	1
DOIs	https://doi.org/10.1016/S1062-9769(02)00152-7
State	Published - 1 Mar 2003
Externally published	Yes

Keywords

Communities
Public education
Tiebout
Vouchers

ASJC Scopus subject areas

Finance
Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/S1062-9769(02)00152-7

Cite this

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abstract = "This paper examines the effects of school vouchers on the equilibrium of a simple two-community model with local provision of education. Individuals differ only in income and one community imposes a fixed cost on its residents. We show that the introduction of a simple voucher system can result in a Pareto improvement as an equilibrium phenomenon. This improvement brings higher education quality to both communities.",

keywords = "Communities, Public education, Tiebout, Vouchers",

author = "Luengo-Prado, {Mar{\'i}a Jos{\'e}} and Oscar Volij",

note = "Funding Information: We thank two anonymous referees for helpful comments. Luengo-Prado is indebted to the Bank of Spain and the Direcci{\'o}n General de Investigaci{\'o}n, Project BEC2000-0173, for financial support. Volij acknowledges financial support from the Maurice Falk Institute for Economic Research in Israel. ",

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AU - Volij, Oscar

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N2 - This paper examines the effects of school vouchers on the equilibrium of a simple two-community model with local provision of education. Individuals differ only in income and one community imposes a fixed cost on its residents. We show that the introduction of a simple voucher system can result in a Pareto improvement as an equilibrium phenomenon. This improvement brings higher education quality to both communities.

AB - This paper examines the effects of school vouchers on the equilibrium of a simple two-community model with local provision of education. Individuals differ only in income and one community imposes a fixed cost on its residents. We show that the introduction of a simple voucher system can result in a Pareto improvement as an equilibrium phenomenon. This improvement brings higher education quality to both communities.

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KW - Public education

KW - Tiebout

KW - Vouchers

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Public Education, communities and vouchers

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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