Harry Anthony Patrinos|Chris Sakellariou
Quality of Schooling, Returns to Schooling and the 1981 Vouchers Reform in Chile
World Bank|Nanyang Technological University
1981 chile introduced nationwide school choice providing vouchers student wishing attend voucher school use binary instrument based reform unique information individual cognitive skills examine importance cognitive skills labor market outcomes results suggest main beneficiaries reform time pupils basic schooling treated group expanded include older secondary school age students schooling premiums decrease dramatically return cognitive skills increases accordingly suggesting large part estimated return typical earnings function due classical ability bias overall findings point heterogeneous effects reform