The Use of the Educational Voucher Program

Education has been acknowledged as a fundamental success factor for individuals as well as for entire nations. As a result, the demand for education has increased sharply for nations and individuals. Since governments have often not been able to fully provide and manage the educational system to attend society s demand, discussions about alternatives to finance education have gained much importance around the world. The educational voucher as alternative method to manage and finance education has spurred substantial debate around the world. This book, therefore, analyzes the potential probability of an implementation of a voucher program in Brazil and its states. In order to estimate a probit model to measure the probability of successful implementation of vouchers, this work investigates the determinants of success and failure of educational voucher programs, developing a benchmark model using information from 31 educational voucher experiences around the world. This book should be especially useful to professionals in educational and political fields, or anyone else who may request from policymakers a viable alternative for education.