NY Fed: charter schools preferred over public

school

A New York Federal Reserve paper published on Wednesday finds a modest decline in the enrollment in private schools as a result of increased preference for charter schools.

Charter schools are primary or secondary schools that receive public money based on certain results, set forth in each school's charter. Unlike private schools, they are accountable to government.

Rajashri Chakrabarti and Joydeep Roy, the paper's authors, use census data on private school enrollment and information from

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