I am not a particularly avid fan of charter schools. As I’ve previously written on this blog, I see reason to fear that their long term result will be the growth rather than the contraction of the state schooling bureaucracy. That said, RAND has just published a relatively positive new study about their short-term effects.
While the RAND study finds no significant difference in achievement gains in charters versus regular public schools, it finds that charter students for whom they have the necessary data are 7 to 15 percentage points more likely to graduate from high school and 8 to 10 percentage points more likely to enroll in college, after controlling for student characteristics.
While this is wonderful news, it will be a Pyrrhic victory if charter schools gradually succumb to regulatory encroachment and stultifying unionization, as seems likely.
Fortunately, as I blogged a couple of days ago, there is no need to run this risk. Truly market-like education systems show the same or better effects on students educational attainment, and show significant positive effects on academic achievement, school efficiency, parental satisfaction, eventual student earnings, and other outcomes. Access to such marketplaces can be made universal through tax credit programs that are significantly more apt to resist regulatory encroachment than are state-funded school choice policies, as I document in a forthcoming book chapter for Clemson University.