We quantify the effect of school voucher spending on initial earnings. We use administrative data on the monetary resources received by schools from a targeted voucher program implemented in Chile. We merge this dataset with education and labor market administrative records for the universe of...

This paper analyzes the impact of student loans for higher education on enrollment, dropout decisions, and earnings. We investigate the massive State Guaranteed Loan (SGL) program implemented in Chile in 2006. Our empirical analysis is based on the estimation of a sequential schooling decision...

Our findings show that the SGL program increased the probability of enrollment and reduced the probability of dropping out from tertiary education: SGL reduced the first year dropout rate by 6.8% for students enrolled in five-year colleges and by 64.3% for those enrolled in institutions offering...

In 1979, the "Ley de Aviaciýn Comercial" (Commercial Aviation Act) was passed in Chile. Its main goal was to improve the air transport by means of "Open Sky Policies", competence (freedom of prices) and a progressive lesser intervention of the official authority. Since then an international air...

We study and compare the impact of two teachers’ quality instruments, teachers’ evaluation tests (TET) and teachers’ value added (TVA), on a middle-run outcome defined by tertiary education attendance. For this purpose, we follow several cohorts of students and teachers using Chilean...