This paper examines the impact of vouchers in general and voucher design in particular on public school performance. It argues that all voucher programs are not created equal. There are often fundamental differences in voucher designs that affect public school incentives differently and induce different responses from them. It analyzes two voucher…

The authors outline a proposal for job experience vouchers as a possible answer to financing the acquisitions of adequate work experience for youth employment programs. The proposal works by giving an incentive to employers to seek out ways of profitably employing new labor market entrants, the underemployed, and the unemployed. (CT)