nber working paper series is education consumption or investment implications for the effect of school competition w bentley macleod miguel urquiola working paper 25117 http www nber org papers w25117 ...
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...Nber working paper series is education consumption or investment implications for the effect of school competition w bentley macleod miguel urquiola http www org papers national bureau economic research massachusetts avenue cambridge ma october revised april useful comments we are grateful to evan riehl juan saavedra and an anonymous referee excellent assistance thank sakshi gupta all remaining errors our own views expressed herein those authors do not necessarily reflect circulated discussion comment purposes they have been peer reviewed subject review by board directors that accompanies official publications rights reserved short sections text exceed two paragraphs may be quoted without explicit permission provided full credit including notice given source no jel i j abstract friedman argued giving parents freedom choose schools would improve his argument was simple compelling because it extended results from markets consumer goods evidence which yields surprisingly mixed on s predic...