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The Park Place Economist

Abstract

The following review attempts to organize and consolidate these competing schools of thought [about school voucher programs]. In the next section, I will summarize the different policies implemented by state and national institutions, as well as their varying degrees of effectiveness. Later sections will discuss public school inefficiencies and nonmarket interactions such as the peer effect. A concluding section summarizes the policy implications of the review and discusses potential directions for future research.

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