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American Economic Review: Vol. 96 No. 3 (June 2006)
AER Volume. 96, Issue 3 | 
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Long-Term Educational Consequences of Secondary School Vouchers: Evidence from Administrative Records in Colombia
Article Citation
Angrist, Joshua,
Eric Bettinger, and
Michael Kremer. 2006. "Long-Term Educational Consequences of Secondary School Vouchers: Evidence from Administrative Records in Colombia."
American Economic Review,
96(3): 847-862.
DOI: 10.1257/aer.96.3.847
DOI: 10.1257/aer.96.3.847
Abstract
Colombia's PACES program provided over 125,000 poor children with vouchers that covered the cost of private secondary school. The vouchers were renewable annually conditional on adequate academic progress. Since many vouchers were assigned by lottery, program effects can reliably be assessed by comparing lottery winners and losers. Estimates using administrative records suggest the PACES program increases secondary school completion rates by 15 to 20 percent. Correcting for the greater percentage of lottery winners taking college admissions tests, the program increased test scores by two-tenths of a standard deviation in the distribution of potential test scores. (JEL: I21, J12, I28)
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Authors
Angrist, Joshua
Bettinger, Eric
Kremer, Michael
Bettinger, Eric
Kremer, Michael
