| Publications [#339516] of Thomas J. Nechyba
Other
- Nechyba, TJ. "The Economics of Education: Vouchers and Peer Group Effects." ( 1998.).
Abstract:
Lessons from the history of US school reforms and empirical
analysis have painted a picture of schools as complex institutions
producing a product that is influenced by the various choices made
by parents and school bureaucracies who respond to institutional
incentives. School vouchers change the incentives faced by these
agents. This paper finds that when parents can choose schooling
independent of housing, greater residential integration results,
which brings with it much better equity properties than a more
simple analysis would imply. While the fears by some that schools
will become increasingly differentiated under voucher policies are
well founded, this greater differentiation does not have to imply
greater inequities in educational opportunities. In fact, under
some plausible scenarios, the greater differentiation of schools
leads to greater equity and greater efficiency in both public and
private schooling.
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