Assignment information

Assignment information The quality of school education is of substantial concern in most developed economies, including Australia. Produce a report outlining the importance of teacher quality in achieving good educational outcomes for children, and discussing the potential for a well designed compensation contract to improve the performance of teachers. In your report, you should refer to economic theory and empirical evidence. You should discuss at least three empirical studies published in economics journals. The can examine either the impact of teacher quality on educational outcomes, or the impact of teachers’ compensa- tion contracts on their performance or educational outcomes (or a mixture of the two). Two suggested empirical papers are given below: you can use these as two of your three empirical studies if you wish to. Background reading 0 Derek Neal (2011), ‘The design of performance pay in education’, Handbook of the Eco- nomics of Education http : //www. sciencedirect . com/science/article/pii/B97804445344460ooO67 0 Eric Hanushek and Steven Rivkin (2006), ‘Teacher Quality’, Handbook of the Economics of Education http : //www. sciencedirect . com/science/article/pii/S1574069206020186# 0 Zahid Hasnain, Nick Manning and Jan Henryk Pierskalla (2012), ‘Performance-related Pay in the Public Sector: A Review of Theory and Evidence’, World Bank Policy Research Working Paper No. 6043 https : //openknowledge . worldbank . org/handle/10986/6046 0 Edward Lazear (2003), ‘Teacher incentives’, Swedish Economic Policy Review 10 pp.179- 214 http : //www . ppge . ufrgs . br/GIACOMO/arquivos/ecop137/lazear-2003 . pdf Empirical evidence: suggestions 0 Jonah E. Rockoff (2004), ‘The Impact of Individual Teachers on Student Achievement: Evidence from Panel Data’, The American Economic Review 94(2) pp.247-252 http : //www . j stor . org/stable/3592891 0 Andrew Leigh (2012), ‘Teacher pay and teacher aptitude’, Economics of Education Review 31 pp.41-53 http : //andrewleigh . org/pdf/TeacherPayTeacherAptitude .pdf