EDUCATIONAL VOUCHERS WHEN THERE ARE PEER GROUP EFFECTS—SIZE MATTERS*
研究不同教育券政策如何影响学生按收入和能力在学校间的分类以及生均支出，发现教育券的规模决定了从公立体系转向教育券体系是带来福利增加还是损失，且所有教育券政策都会加剧不平等。
In this article, I study the effects various educational voucher policies have on the sorting of children across schools and the per‐student expenditure levels at these schools, when a child's peer group matters and students differ over income and ability. I find that, depending on the magnitude of the voucher, switching from a public system to a voucher system could entail either welfare gains or losses. All voucher policies under consideration lead to greater inequality than the public system; however, these increases are not monotone in the voucher size.