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Teacher quality policy when supply matters

The American economic review, 2015, Vol.105 (1), p.100-130 [Peer Reviewed Journal]

Copyright© 2015 American Economic Association ;Copyright American Economic Association Jan 2015 ;ISSN: 0002-8282 ;EISSN: 1944-7981 ;DOI: 10.1257/aer.20121242 ;CODEN: AENRAA

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Title:
Teacher quality policy when supply matters
Author: Rothstein, Jesse
Subjects: Academic achievement ; Anreizsystem ; Arbeitsanforderung ; Arbeitsleistung ; Arbeitsproduktivität ; Arbeitsvertrag ; Bonuses ; Careers ; Class size ; Compensation ; Decision making ; Economic theory ; Effects ; Employment contracts ; Employment termination ; Fixed budgets ; Labor economics ; Labor market ; Labour market ; Learning ; Lehrer ; Leistungsanreiz ; Leistungsfähigkeit ; Leistungslohn ; Pay for performance ; Performance metrics ; Produktivitätseffekt ; Retention ; Salary ; Schulerfolg ; Schüler ; Simulation ; Standard deviation ; Students ; Studies ; Teacher effectiveness ; Teachers ; Teaching ; Tenure ; Wages & salaries
Is Part Of: The American economic review, 2015, Vol.105 (1), p.100-130
Description: Teacher contracts that condition pay and retention on demonstrated performance can improve selection into and out of teaching. I study alternative contracts in a simulated teacher labor market that incorporates dynamic self-selection and Bayesian learning. Bonus policies create only modest incentives and thus have small effects on selection. Reductions in tenure rates can have larger effects, but must be accompanied by substantial salary increases; elimination of tenure confers little additional benefit unless firing rates are extremely high. Benefits of both bonus and tenure policies exceed costs, though optimal policies are sensitive to labor market parameters about which little is known.
Publisher: Nashville: American Economic Association
Language: English
Identifier: ISSN: 0002-8282
EISSN: 1944-7981
DOI: 10.1257/aer.20121242
CODEN: AENRAA
Source: ProQuest Central

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Teacher quality policy when supply matters

Copyright© 2015 American Economic Association ;Copyright American Economic Association Jan 2015 ;ISSN: 0002-8282 ;EISSN: 1944-7981 ;DOI: 10.1257/aer.20121242 ;CODEN: AENRAA

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