Vouchers don't work as well as you'd expect. The reason is that parents are not rational agents on behalf of their children. Especially parents of lower socioec

Vouchers don't work as well as you'd expect. The reason is that parents are not rational agents on behalf of their children. Especially parents of lower socioeconomic status tend to value convenience (how close the school is) to the quality of the school. The effect of vouchers in the real world is that the best schools get a little bit better while the worst ones get a lot worse.