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The paper even admits that it probably exaggerates the effects of grants and loans since their model doesn't incorporate private and public schools with differe
by knucklesandwich 10y ago
The paper even admits that it probably exaggerates the effects of grants and loans since their model doesn't incorporate private and public schools with different funding characteristics or competition[1].
[1]: http://www.nber.org/chapters/c13711.pdf http://www.nber.org/chapters/c13711.pdf