PRICED OUT: AGGREGATE INCOME SHOCKS AND SCHOOL PRICING IN THE CHILEAN VOUCHER MARKET.
This paper studies private school market behavior. If school quality is a normal good and schools have market power, profit‐maximizing schools may lower enrollment when incomes rise given parents' preferences for small class sizes and high‐socioeconomic status (SES) classmates. To demonstrate the po...
| Publicado en: | Economic Inquiry Vol. 59; no. 2; pp. 696 - 722 |
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| Formato: | Artículo |
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Wiley-Blackwell
Apr2021
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=148947681&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 148947681 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Apr2021 vid: 59 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 148947681 10.1111/ecin.12945 ppf: 696 ppct: 26 formats: fmt: @attributes: type: P size: 589KB tig: atl: PRICED OUT: AGGREGATE INCOME SHOCKS AND SCHOOL PRICING IN THE CHILEAN VOUCHER MARKET. aug: au: Feigenberg, Benjamin affil: Department of Economics, University of Illinois at Chicago, Chicago IL, 60607, USA su: Chile Private schools Class size Market power Student attrition Chileans Mechanical shock measurement sug: subj: Private schools Class size Chile Elementary and Secondary Schools Market power Student attrition Chileans Mechanical shock measurement ab: This paper studies private school market behavior. If school quality is a normal good and schools have market power, profit‐maximizing schools may lower enrollment when incomes rise given parents' preferences for small class sizes and high‐socioeconomic status (SES) classmates. To demonstrate the possibility of such a response, I present simulations based on a stylized model of school pricing. Using data on local income variation in Chile, I show that positive income shocks cause private school prices to rise and enrollments to fall. Enrollment declines are concentrated among low‐SES students, who do not experience the same test score gains as their higher‐SES peers. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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