In the last few decades, a progressively smaller share of the top college graduates became teachers. Aptitude
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A recent study suggests that the loss of high-aptitude teachers resulted from salary compression caused by unionization. In 1963 a teacher in the top aptitude group was paid 59 percent more than the average teacher, while a teacher in the lowest aptitude group (bottom 20% of test scores) was paid 28 percent less than the average teacher. By 2000 these salary differences had almost completely disappeared teacher salaries were nearly independent of aptitude, and depended almost exclusively on seniority and the amount of graduate coursework. The elimination of the salary differentials naturally decreased the supply of the highest aptitude teachers, who could earn salaries more in line with their aptitudes in other occupations. For example, a larger share of the top aptitude group became computer specialists, accountants, and managers.
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Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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