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URBAN INSTITUTE The Economic Value of Higher Teacher Quality Eric HanusHEk w o r k i n g p a p e r 56 • d e c e m b e r 2010 The Economic Value of Higher Teacher Quality Contents Acknowledgements ..................................................................................................................................................................ii Abstract........................................................................................................................................................................................iii Introduction.................................................................................................................................................................................1 The Central Importance of Teachers ..................................................................................................................................3 Problems with Current Teacher Policies...........................................................................................................................6 Current Certification Policies...................................................................................................................................................6 Current Salary Policies ..............................................................................................................................................................8 What is the Economic Value of Quality Teachers?..................................................................................................... 12 The Demand Side Based on Expected Student Earnings............................................................................................. 13 The Demand Side Based on Aggregate Economic Growth......................................................................................... 21 Costs and the Timing of Benefits ...................................................................................................................................... 23 Policy Conclusions.................................................................................................................................................................. 26 References................................................................................................................................................................................. 29 Tables.......................................................................................................................................................................................... 35 Figures......................................................................................................................................................................................... 38 i ... - tailieumienphi.vn
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