Tag Archives: teacher compensation

Welcome to the Profit of Education website. Continuing the conversation begun in the book Profit of Education, we discuss the latest economic evidence on education reform.

Q-Comp

Q-Comp, Minnesota’s large-scale experiment in teacher pay-for-performance, is evaluated in a new paper by Aaron Sojourner, Elton Mykerezi, and Kristine West. Bottom line seems to be that the program works. The authors show that pay-for-performance led to gains in test … Continue reading

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Salary vs Pensions

Maria Donovan Fitzpatrick calculates that teachers are willing to pay only 20 cents to buy an extra dollar’s worth of pension benefits. The obvious implication is that we ought to take some of the money now put into pension benefits … Continue reading

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How do you pay teachers $125,000 a year without busting the budget?

Monday I reported that The Equity Project’s plan to pay teachers $125,000 a year has produced remarkable student gains. Today I’ll combine information from Mathematica’s report with other data to give you an idea how TEP manages high salaries without … Continue reading

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Would paying teachers $125,000 a year get results?

In Profit of Education I wrote, One charter school, The Equity Project (TEP) in New York City, plans to raise base teacher salaries to $125,000 plus $25,000 bonuses–all without increasing spending one dime. Now some four years later, we learn … Continue reading

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Better pay, fairer pensions?

The new Manhattan Institute report, “BETTER PAY, FAIRER PENSIONS: Reforming Teacher Compensation,” by Josh McGee and Marcus Winters, has been receiving well-deserved attention. McGee and Winters look at the idea of changing teacher compensation by (a) making pension accruals higher in earlier years … Continue reading

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Two data points to think about

Here’s a little graphic I made showing how U.S. educational spending pie-splitting compares to the other industrialize countries. The bars on the left show that we spend 11 and a half percent of our resources on capital expenditures while other countries … Continue reading

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Social security and teacher compensation

Something’s been left out of the ongoing argument about the value of the benefits part of teacher compensation: social security. Teachers in 15 states–Alaska, California, Colorado, Connecticut, Georgia*, Illinois, Kentucky*, Louisiana, Maine, Massachusetts, Missouri, Nevada, Ohio, Rhode Island*, and Texas … Continue reading

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Assessing the Compensation of Public School Teachers

The National Council on Teacher Quality (NCTQ) asked me to write an assessment of the recent Heritage Foundation/American Enterprise Institute report “Assessing the Compensation of Public School Teachers.” The NCTQ gave a brief statement on their view of the “spin” of … Continue reading

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Teachers, colleagues, and outcomes

One argument offered against linking teacher pay to performance is that it will break down teamwork by making teachers more competitive. Of course, if school-level outcomes are included in the performance metric then pay-for-performance should lead to more cooperation—not less. … Continue reading

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Teacher attitudes and compensation reform

Dan Goldhaber and Michael Dearmond, and Scott Deburgomaster have a just published article that reminds me that teacher compensation reform is as much about politics, attitudes, and negotiations as it is about economics. (“Teacher Attitudes about Compensation Reform: Implications for … Continue reading

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