More than a decade and a half of work on the topic has shown there has been a long-trending erosion of teacher wages and compensation relative to other college graduates. Simply put, teachers are paid less (in wages and compensation) than other college-educated workers with similar experience and other characteristics, and this financial penalty…

Teacher strikes in West Virginia, Oklahoma, Arizona, North Carolina, Kentucky, and Colorado have raised the profile of deteriorating teacher pay as a critical public policy issue. Teachers and parents are protesting cutbacks in education spending and a squeeze on teacher pay that persist well into the economic recovery from the Great Recession.…

An effective teacher is the most important school-based determinant of education outcomes. Therefore it is crucial that school districts recruit and retain high-quality teachers. This is increasingly challenging given that the supply of teachers has been greatly affected by high early to mid-career turnover rates, annual retirements of longtime…

Over the past few years, as cash-strapped states and school districts have faced tough budget decisions, spending on teacher compensation has come under the microscope. The underlying question is whether, when you take everything into account, today's teachers are fairly paid, underpaid, or overpaid. In this forum, two pairs of respected…

Over the past few years, as cash-strapped states and school districts have faced tough budget decisions, spending on teacher compensation has come under the microscope. The underlying question is whether teachers are fairly paid, underpaid, or overpaid. In this forum, two pairs of respected economists offer very different answers. Andrew Biggs of…

Effective teachers are demonstrably the most important resource schools have for improving the academic success of their students. Yet for many school leaders, recruiting and retaining talented and effective classroom teachers remains an uphill battle. Whether teacher salaries are sufficient to attract the best graduates into teaching remains an…

Education as the cure-all for any adverse economic condition is everywhere. But this contention exaggerates the role of schools in the economy, and it conflates two issues: First, how can American firms increase productivity to improve their ability to compete? Education can help in the first area, although it is far from a silver bullet. As to…

A marked transformation in the U.S. economy has yet to occur. The living standards of most working families have neither fully recovered from the recession of the early 1990s nor benefitted from the overall growth in productivity. (Author)

Earnings inequality increased sharply in the early 1980s, tapered off in the later 1980s, and reaccelerated in the 1990s. Although inequality increased overall and for men and women separately, a combined analysis overlooks differences in the labor market dynamics of men and women. (Author)

Using a wide variety of data on family incomes, taxes, wages, unemployment, wealth, and poverty, this book closely examines the impact of the economy on the living standards of the United States. An executive summary gives an overview of the economic realities that characterize the state of the working nation. Other introductory materials include…

An examination of the conventional wisdom that the economy will face a labor shortage was done in three stages. First, the demand side of the labor market was analyzed. Changes in the skill requirements of jobs from 1973-86 were examined as were those changes anticipated by projections of the Bureau of Labor Statistics for 2000. The conclusion was…

Wage analyses of several government surveys suggest that substantial, broad-based reductions in real wages occurred in the final years of the 1980s recovery. (Data sources are the hourly compensation data from the Employment Cost Index series and wage data from the Current Population Survey.) The wages of those who lost the most in the 1980s (high…

Numerous sources of data about family incomes, taxes, wages, unemployment, wealth, and poverty were used to analyze the impact of the economy on living standards in the United States in 1994-1995. It was discovered that most individuals in the United States are worse off in the 1990s than they were at the end of the 1970s. Between 1979 and 1989,…