A voucher system enabling parents to choose freely the schools their children attend is the most feasible way to improve education. Vouchers will encourage privatization. That will unleash the drive, imagination, and energy of competitive free enterprise to revolutionize the education process. Government schools will be forced to improve to retain…

Describes an econometric modeling of the labor market for teachers in an "administered" market setting in which the government partially controls the main determinants of demand and is very influential in setting teachers' wages. Reviews relevant econometric literature and shows market forces' crucial role. Discusses economic policy…

When the transition to market economy began, there was an unsatisfied demand for business education. A supply response has occurred, but business education is still developing. The authors argue that private schools can help mobilize resources and increase the quality and accessibility of business education. Drawing on surveys covering 15…

Corrects for potential bias and inconsistency in the estimated coefficient on market competition (among schools) by constructing a system of equations with endogenous expressions of student achievement and market competition. Policy makers seeking to improve student achievement should encourage market competition among schools. (Contains 13…

Investigates effects of school-choice laws on U.S. teachers' work incentives, using 1993-94 Schools and Staffing Survey data. Examines whether school system competitiveness works to solve the principal-agent problem in education. Results are mixed, but suggest that one type of choice policy--intradistrict choice--enhances teacher motivation.…

Reviews school-choice literature, highlighting empirical studies and the role of evaluation. Discusses the welfare economics of education and provides a chronology of research milestones. Summarizes "pro" and "con" arguments, addresses efficiency/productivity questions, reviews prominent U.S. cases, and discusses how evaluation studies can assess…

Addresses critical and extensively debated human resource issues involved with Hungary's transition to a market economy. Summarizes key problems, including educational system rigidity versus labor market flexibility and lack of feedback between growing unemployment and school system transformation. Highlights some proposed solutions consistent…