Targeted vouchers and its effects

Abstract

Abstract Abstract AbstractThis paper discusses the benefits of the "Targeted Vouchers" system in relation to the actual one. It analyses the Chilean experience and emphasizes the importance of the appropriate design of the vouchers system in order to achieve the expected results. The analyses also suggest that the implementation of this system may face opposition due to two consequences of its implementation: reduction in the welfare of specific groups and the closure of some Public universities which are less efficient.