Adam Smith's discussion of the payment modes of teachers and resulting consequences for the quality of teaching and process of curricular innovation are reviewed through the conceptual lens of modern agency theory. Smith's analysis of higher education in his day (eighteenth century) sheds light on faculty incentive and assessment problems that…

This book presents an assessment of collective bargaining in education. During the 1970's, while student enrollment declined, organizations representing public school teachers grew. Both the National Education Association and the American Federation of Teachers more than doubled their membership. Teacher contracts have expanded to include areas…

The impact of the General Educational Development certificate (GED) on the earnings of high school dropouts who seek the credential were estimated. The estimates were derived by using several different types of estimation methods to analyze data linking Florida GED test information with quarterly earnings records collected by Florida's…

The economic benefits of the General Educational Development certificate (GED) were examined through a review of four published papers and four unpublished working papers on the GED's benefits. Key findings were as follows: (1) a GED provides economic benefits only to low-skilled dropouts; (2) economic benefits of a GED appear over time--often…