More Graduates, Less Criminals? The Economic Impacts of the Milwaukee Parental Choice Program
21 Pages Posted: 4 Feb 2017
Date Written: February 3, 2017
Although an abundance of research indicates that private schooling can benefit individual children through higher test scores, the effects on society are less clear. We monetize and forecast the social impacts of the Milwaukee Parental Choice Program (MPCP) in the United States. We use existing literature on the impacts of the MPCP on criminal activity and graduation rates. Between 2016 and 2035, students who use a voucher in the MPCP will generate additional economic benefits of $473 million associated with higher graduation rates, and $26 million associated with fewer felonies and misdemeanors, relative to their traditional public school peers.
Keywords: school choice, school vouchers, economic impact, civic education
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