Many educational systems have struggled with the question about how best to give out financial aid. In particular, if students do not know the amount of financial aid that they can receive before they make a decision about where to go to college and what major to study, it may distort their decision. This study utilizes an experiment (implemented…

Assesses effects of the financial reform of China's basic education system, focusing on issues of structure, resource mobilization, equality, and efficiency. While decentralized funding reforms have succeeded in achieving structural change and resource mobilization, the current system is marked by glaring inequalities and significant…