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Where Does Voucher Funding Go?

其他書名	How Large-scale Subsidy Programs Affect Private-school Revenue, Enrollment, and Prices
出版	National Bureau of Economic Research, 2015
URL	http://books.google.com.hk/books?id=A657jwEACAAJ&hl=&source=gbs_api

註釋Using a new dataset constructed from nonprofit tax-returns, this paper explores how vouchers and other large-scale programs subsidizing private school attendance have affected the fiscal outcomes of private schools and the affordability of a private education. We find that subsidy programs created a large transfer of public funding to private schools, suggesting that every dollar of funding increased revenue by a dollar or more. Turning to the incidence of subsidies and the impact of subsidies on enrollment, our findings depend on the type of program introduced, with programs restricting eligibility to certain groups of students creating relatively large enrollment gains and small price increases compared to unrestricted programs. We calculate elasticities of demand and supply for private schools, and discuss welfare effects.