For over twenty years, a voucher system has been used in Chile to promote competition in the educational system between public and private schools. Attending a private subsidized school is associated with increased standardized test scores, but the apparent impact is relatively small....

This paper examines the distributional impacts of direct college costs - that is, whether the response of educational decisions to college costs varies by student characteristics. The primary obstacle in estimating these effects is the endogeneity of schooling costs. To overcome this issue, I...

I study the size and sources of the monetary return to college achievement as measured by cumulative Grade Point Average (GPA). I rst present evidence that the return to achievement is large and statistically signi cant. I nd, however, that this masks variation in the return across dierent...

This paper examines the distributional impacts of direct college costs { that is, whether the response of educational decisions to college costs varies by student characteristics. The primary obstacle in estimating these eects is the endogeneity of schooling costs. To overcome this issue, I use...

I study the size and sources of the monetary return to college achievement as measured by cumulative Grade Point Average (GPA). I first present evidence that the return to achievement is large and statistically significant. I find, however, that this masks variation in the return across...

Does limited access to credit explain some of the gap in schooling attainment between children from richer and poorer families? I present new evidence on this important question using data from two loan programs for college students in Chile. Both programs offer loans to students who score above...

Women and men often receive the same percentage increase in their wage rates with advances in schooling. Because these returns decline with more schooling, the marginal returns for women will tend to exceed those for men, especially in countries where women are much less educated. The health and...

This paper investigates whether more general education reduces the risk of future un-employment by examining individuals’ labor market experiences during the “Great Re¬cession” (2008–2010). To estimate the causal impact of differences in educational con¬tent, I exploit a reform in...

In this paper we estimate the effect of actual class size on student achievement.