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Cato Daily Podcast
Does School Choice Raise the Price of Private Education?
Sep 20, 2023
This podcast discusses the potential impact of school choice programs on private school tuition. It explores the concept of subsidizing consumption and presents data indicating that school choice programs may not necessarily lead to higher tuition prices. The analysis reveals a decrease in overall private school tuition, with a significant decrease in elementary school tuition. It also highlights the competitive environment created by more options and the impact of subsidies on an otherwise uncompetitive system. The podcast also explores the impact of Education Savings Account programs on tuition inflation and emphasizes the cost-consciousness of families receiving subsidies.
13:42
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Quick takeaways
- Expanding school choice options could have a small negative effect on private school tuition.
- States with school choice programs had lower average private school tuition inflation rates.
Deep dives
Effect of Subsidies on Tuition
The concern that school choice programs could raise private school tuition prices is similar to the effect seen in higher education where subsidies have led to increased tuition rates. However, an analysis comparing states with school choice programs to those without shows that states with school choice actually had lower average private school tuition inflation rates, indicating that the Bennett hypothesis might not hold in K-12 education. The data suggests that expanding school choice options could have either no effect or a small statistically significant negative effect on private school tuition.
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