Examines how school financial policies affect economic incentives and working conditions for teachers and how these policies might serve to make the teaching profession more attractive to new and experienced teachers. Particular consideration is given to the California public school system. (DR)

Focuses chiefly on compensation as a means of improving the quality and increasing the supply of public school teachers. Recommends variety and flexibility in the forms of compensation as means of recruiting new, high-quality teachers and retaining existing teachers. (DR)