America’s workforce needs a strong education system to compete and research demonstrates the power of a good teacher to boost student achievement. However, attracting and retaining effective teachers has become increasingly difficult, partly due to compensation. Over the last forty years, salaries of teachers have declined when compared to other professions. In the 1970s teachers made about 7 percent less than non-teachers, after controlling for education and other characteristics or about $3,800 per year. Over the last decade, that gap has increased so that teachers earn about 19 percent less than non-teachers—a difference of almost $11,000 a year.
Are We Short-Changing our Future? The Economic Imperative of Attracting Great Teachers
- If we add 200,000 jobs a month, will recovery take 7 years or 12 years?January 2012
- What is Happening to America’s Less-Skilled Workers? The Importance of Education and Training in Today’s EconomyDecember 2011
- Hamilton Project Immigration Forum MaterialsMay 2012
- Where is the Best Place to Invest $102,000 — In Stocks, Bonds, or a College Degree?June 2011
- ECB is right to ask for more eurozone actionAugust 2012