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This article explores the effect of a policy recently implemented in Chile increasing funding for schools based on the number of low-income students they enroll. In exchange to increased funding, schools commit to tighter school accountability. School effectiveness is studied using a novel and detailed methodology: the quantile value-added approach. This approach examines school improvement for group of students at different achievement level. Results from two sets of cohorts show that the new law has not increased school effectiveness.
Maria Veronica Santelices, Catholic University of Chile
Garrit Page, Pontificia Universidad Catolica de Chile
Ernesto San MartÃn, Pontificia Universidad Catolica de Chile