Focusing on the classroom teacher as the key component in the educational process, this yearbook reviews recent school reform upheavals and their effects on teacher compensation, availability and quality of teachers, teacher retirement systems and related issues. After introductory observations on teachers' economic subsidies by Kern Alexander,…

Discusses educational equality and inequality from an economist's perspective. Considers human capital theory and interpretation of life cycles in learning and earning. Addresses schooling and experience components of changes in the inequality of earned incomes, educational expansion, and inequalities in schooling. Explores the roles of skill…

This paper describes an initial effort to provide a carefully reasoned, factually based, systematic analysis of teacher pay in comparison to pay in other occupations available to college-educated workers. It also reports on the sensitivity of these salary comparison estimates to differences in certain characteristics of the labor force, such as…