<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0104-4036</journal-id>
<journal-title><![CDATA[Ensaio: Avaliação e Políticas Públicas em Educação]]></journal-title>
<abbrev-journal-title><![CDATA[Ensaio: aval. pol. públ. educ.]]></abbrev-journal-title>
<issn>0104-4036</issn>
<publisher>
<publisher-name><![CDATA[Fundação CESGRANRIO]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0104-40362009000400005</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Targeted vouchers and its effects]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Andrade]]></surname>
<given-names><![CDATA[Eduardo de Carvalho]]></given-names>
</name>
</contrib>
</contrib-group>
<aff id="A05">
<institution><![CDATA[,Insper Institute of Education and Research  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2009</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2009</year>
</pub-date>
<volume>17</volume>
<numero>65</numero>
<fpage>633</fpage>
<lpage>654</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://educa.fcc.org.br/scielo.php?script=sci_arttext&amp;pid=S0104-40362009000400005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://educa.fcc.org.br/scielo.php?script=sci_abstract&amp;pid=S0104-40362009000400005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://educa.fcc.org.br/scielo.php?script=sci_pdf&amp;pid=S0104-40362009000400005&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[This paper discusses the benefits of the "Targeted Vouchers" system in relation to the actual one. It analyses the Chilean experience and emphasizes the importance of the appropriate design of the vouchers system in order to achieve the expected results. The analyses also suggest that the implementation of this system may face opposition due to two consequences of its implementation: reduction in the welfare of specific groups and the closure of some Public universities which are less efficient.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Este trabalho discute os benefícios do sistema de “targeted vouchers” vis-à-vis o atual. Ele analisa a experiência chilena e enfatiza a importância do desenho apropriado do sistema de vouchers de maneira a alcançar os resultados esperados. A análise também sugere que a introdução do sistema de “argeted vouchers” pode enfrentar oposição devido a duas conseqüências potenciais de sua implementação: a redução no bem-estar de grupos específicos e o fechamento das universidades públicas menos eficientes.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Este trabajo discute las ventajas del sistema de "targeted vouchers" vis-à-vis el actual. Analiza la experiencia chilena y destaca la importancia del diseño apropiado del sistema de vouchers para obtener los resultados deseados. El análisis sugiere que la introducción del sistema de "targeted voucher" puede sufrir oposición debido a dos consecuencias potenciales de su implementación: la reducción en el bienestar de grupos especficos y del cerrado de las universidades públicas menos competitivas.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Educational Financing]]></kwd>
<kwd lng="en"><![CDATA[Educational “Vouchers”]]></kwd>
<kwd lng="en"><![CDATA[Efficiency]]></kwd>
<kwd lng="en"><![CDATA[Human Capital JEL Classification: H0, H41, I22, I28]]></kwd>
<kwd lng="pt"><![CDATA[Financiamento Educacional]]></kwd>
<kwd lng="pt"><![CDATA[“Vouchers” Educacionais]]></kwd>
<kwd lng="pt"><![CDATA[Eficiência]]></kwd>
<kwd lng="pt"><![CDATA[Capital Humano]]></kwd>
<kwd lng="es"><![CDATA[Finanzas Educativas]]></kwd>
<kwd lng="es"><![CDATA[“Vouchers” Educativos]]></kwd>
<kwd lng="es"><![CDATA[Eficacia]]></kwd>
<kwd lng="es"><![CDATA[Capital Humano]]></kwd>
</kwd-group>
</article-meta>
</front><body><![CDATA[  <font face="Arial, Helvetica, sans-serif"> <h2>Targeted vouchers and  its effects.</h2> <h3>O Sistema de &ldquo;Targeted Vouchers&rdquo; e seus efeitos.</h3> <h3>El sistema de &ldquo;Targeted Vouchers&rdquo; y sus efectos.</h3>     <p>&nbsp;</p> <h4>Eduardo de Carvalho  Andrade    <br> </h4> </font>      ]]></body><back>
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