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This paper assesses inequality of opportunity in educational achievement using the Human Opportunity Index methodology on data from the Programme for International Student Assessment. The findings suggest that there are large inequalities in lea

Educational Achievement --- Educational Inequality --- Inequality Of Opportunity

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371.212.7 --- 371.212.7 Educational achievement. Studieresultaten. Schoolloopbaan. Schoolsucces --- Educational achievement. Studieresultaten. Schoolloopbaan. Schoolsucces

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371.212.7 --- Educational achievement. Studieresultaten. Schoolloopbaan. Schoolsucces --- Pedagogiek en onderwijskunde --- lerarenvervolmaking en research --- 371.212.7 Educational achievement. Studieresultaten. Schoolloopbaan. Schoolsucces --- lerarenvervolmaking en research. --- Lerarenvervolmaking en research.

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This paper tests for financial constraints as a market failure in education in a low-income country. In an experimental setup, unconditional cash grants are allocated to one private school or all private schools in a village. Enrollment increases in both treatments, accompanied by infrastructure investments. However, test scores and fees only increase in the setting of all private schools along with higher teacher wages. This differential impact follows from a canonical oligopoly model with capacity constraints and endogenous quality: greater financial saturation crowds-in quality investments. The findings of higher social surplus in the setting of all private schools, but greater private returns in the setting of one private school underscore the importance of leveraging market structure in designing educational subsidies.

Education --- Education Finance --- Education Markets --- Educational Achievement --- Financial Innovation --- Private Schools --- Return to Capital --- Small and Medium Enterprises --- SMEs

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Adolescence --- Child development --- Education, Primary --- Education, Secondary --- Educational achievement --- Effective teaching. --- Learning, Psychology of. --- Privatization in education --- Teachers --- Research --- Research --- Research --- Research --- Research --- In-service training.