The Effects of Vouchers on Academic Achievement: Evidence from Chile’s Conditional Voucher Program Juan A. Correa David Inostroza Francisco Parro Loreto Reyes Gabriel Ugarte Universidad Andrés Bello Marzo
Date
2014Author
Juan A., Correa
Inostroza, David
Parro, Francisco
Reyes, Loreto
Ugarte, Gabriel
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Abstract
We use data from Chile's conditional voucher program to test the e ects of vouchers
on academic achievement. Conditional vouchers have delivered extra resources
to low-income, vulnerable students since 2008. Moreover, under this scheme, additional
resources are contingent on the completion of speci c scholastic goals. Using a
di erence-in-di erences approach, we nd a positive and signi cant e ect of vouchers
on standardized test scores. Additionally, our results highlight the importance of
conditioning the delivery of resources to some speci c academic goals when frictions
exist in the education market.