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Direct linkGoldhaber, Dan; DeArmond, Michael; Player, Daniel; Choi, Hyung-Jai – Journal of Education Finance, 2008
This article presents a principal-agent model in the context of public schools to help explain the use of merit pay for teachers. The model considers how both the nature of teaching and the political costs of union resistance affect school district merit pay decisions. Our results support the idea that merit pay is more likely in environments…
Descriptors: Merit Pay, Academic Achievement, Teacher Salaries, School Districts
