Some have argued that introducing a voucher system would be particularly good for two groups of students: those who are the worst off under the current system, and many of the students who are the best off under the current system. Why might this be the case?
Answer to relevant QuestionsSeveral researchers have found evidence of sheepskin effects, in which the labor market return to twelfth grade is higher than the return to eleventh grade and the return tithe fourth year of college is higher than the ...Many state constitutions explicitly require that states provide an “adequate” level of school funding. How might raising this level of “adequacy” actually lead to reduced overall levels of educational spending? Suppose that you have a job paying $50,000 per year. With a 5% probability, next year your wage will be reduced to $20,000 for the year. a. What is your expected income next year? b. Suppose that you could insure yourself ...Suppose you think that poorly educated families are less able to smooth consumption in the absence of unemployment insurance than are well-educated families. How would you empirically test this supposition? What types of ...Suppose the Social Security payroll tax was increased today to 16.4% to solve the 75- year fiscal imbalance in the program. Explain the effect of this change on the value of the Social Security program for persons of ...
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