Majority Choice of an Income-Targeted Educational Voucher

• 成果类型: Article
• 署名作者: Epple, Dennis; Romano, Richard; Sarpca, Sinan
• 署名单位: Carnegie Mellon University; State University System of Florida; University of Florida; Koc University
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MICROECONOMICS
• ISSN/ISSBN: 1945-7669
• DOI: 10.1257/mic.20160141
• 发表日期: 2018
• 页码: 289-325
• 关键词: POLITICAL-ECONOMY; school vouchers; PRIVATE; provision; MODEL; equilibrium; preferences; COMPETITION; mobility; services

摘要

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.