NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Daniel Shaviro

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New York University
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NBER Working Papers and Publications

April 1999The Economics of Vouchers
with David F. Bradford: w7092
This paper aims to provide a swift tour of the economic issues presented by vouchers and thus to fill an apparent gap in the literature for a basic survey of the subject. Among the issues it considers are: factors determining a voucher's cash-equivalence; reasons (such as paternalism, externalities, and distribution) for giving beneficiaries non-cash-equivalent vouchers rather than cash; optimal tax issues involved in the design of vouchers and the choice between vouchers and other delivery mechanisms, including factors determining the optimal marginal reimbursement rate (MRR) in a voucher program, and the similarity between this question and that of determining optimal marginal tax rates (MTRs) under the income tax; the incentive effects of voucher eligibility criteria, such as income o...

Published: Steuerle, C. Eugene, et al. (eds.) Vouchers and the provision of public services. Washington, D.C.: Brookings Institution Press; Washington, D.C.: Committee for Economic Development, 2000.

 
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