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Human capital
The Three R’s of Teacher Pension Funding: Redistribution, Return, and Risk
How are teacher pension benefits funded? Under traditional plans, the full cost of a career teacher’s benefits far exceeds the contributions designated for them. The gap between the two has three pieces, which may (with some license) be mnemonically tagged the three R’… more →
Teachers’ Willingness To Pay For Retirement Benefits: A National Stated Preferences Experiment
Many states have recently made or are considering changes to their teacher retirement systems. However, little is known about how teachers value various elements of their retirement benefits versus other aspects of their jobs and compensation. To help alleviate this gap, we use a discrete choice… more →
State Investment in Higher Education: Effects on Human Capital Formation, Student Debt, and Long-Term Financial Outcomes of Students
Tags: Higher education, Human capitalMost public colleges and universities rely heavily on state financial support. As state budgets have tightened in recent decades, appropriations for higher education have declined substantially. Despite concerns expressed by policymakers and scholars that the declines in state support have… more →
Sins of the Past, Present, and Future: Alternative Pension Funding Policies
Tags: Human capitalOur goal in this paper, presented at the 2020 Brookings Municipal Finance Conference, is to better understand teacher pension funding dynamics with a focus on sustainability and intergenerational… more →
Teacher-to-classroom assignment and student achievement
We study the effects of counterfactual teacher-to-classroom assignments on average student achievement in elementary and middle schools in the US. We use the Measures of Effective Teaching (MET) experiment to semiparametrically identify the average reallocation effects (AREs) of such assignments… more →
More Than Shortages: The Unequal Distribution of Substitute Teaching
Classroom teachers in the US are absent on average approximately six percent of a school year. Despite the prevalence of teacher absences, surprisingly little research has assessed the key source of replacement instruction: substitute teachers. Using detailed administrative and survey data from… more →
Advisor Value-Added and Student Outcomes: Evidence from Randomly Assigned College Advisors
This paper provides the first causal evidence on the impact of college advisor quality on student outcomes. To do so, we exploit a unique setting where students are randomly assigned to faculty advisors during their first year of college. We find that higher advisor value-added (VA)… more →
Impacts of state aid for non-traditional students on educational and labor market outcomes
Up to three-fourths of college students can be classified as “non-traditional”, yet whether typical policy interventions improves their education and labor market outcomes is understudied. I use a regression discontinuity design to estimate the impacts of a state financial aid program aimed… more →
Who Benefits from Local Financing of Public Services? A Causal Analysis
Tags: Human capital, School districtsThe efficiency-equity trade-offs in public service delivery may be influenced by the dependency of local governments on their own resources rather than inter-governmental grants. School districts in the United States are expected both to produce human capital efficiently and to provide… more →
The Value of Using Early-Career Earnings Data in the College Scorecard to Guide College Choices
Policymakers are increasingly including early-career earnings data in consumer-facing college search tools to help students and families make more informed post-secondary education decisions. We offer new evidence on the degree to which existing college-specific earnings data equips consumers… more →
Will Mentoring a Student Teacher Harm My Evaluation Scores? Effects of Serving as a Cooperating Teacher on Evaluation Metrics
Topics: Teacher and Leader DevelopmentGrowing evidence suggests that preservice candidates receive better coaching and are more instructionally effective when they are mentored by more instructionally effective cooperating teachers (CTs). Yet, teacher education program leaders indicate it can be difficult to recruit instructionally… more →
The Hidden Costs of Teacher Turnover
High teacher turnover imposes numerous burdens on the schools and districts from which teachers depart. Some of these burdens are explicit and take the form of recruiting, hiring and training costs. Others are more hidden and take the form of changes to the composition and quality of the… more →
Can Successful Schools Replicate? Scaling Up Boston’s Charter School Sector
Topics: School ChoiceCan schools that boost student outcomes reproduce their success at new campuses? We study a policy reform that allowed effective charter schools in Boston, Massachusetts to replicate their school models at new locations. Estimates based on randomized admission lotteries show that replication… more →
Spillover Impacts on Education from Employment Guarantees
Topics: Policy, Politics, and GovernancePrograms that provide lower-skill employment are a popular anti-poverty strategy in developing countries, with India's employment-guarantee program (MGNREGA) employing adults in 23% of Indian households. A potential concern is that guaranteeing lower-skill employment opportunities may… more →