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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
(Universidad Andrés Bello (Chile). Facultad de Economía y Negocios, 2014) Juan A., Correa; Inostroza, David; Parro, Francisco; Reyes, Loreto; Ugarte, Gabriel
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.