The potential output gains from using optimal teacher incentives : an illustrative calibration of a hidden action model

Nirav Mehta

This paper examines the potential output gains from the implementation of optimal teacher incentive pay schemes, by calibrating the Holmstrom and Milgrom (1987) hidden action model using data from Muralidharan and Sundararaman (2011), a teacher incentive pay experiment implemented in Andhra Pradesh, India. Findings suggest that the introduction of optimal individual incentive-pay schemes could result in very large increases in output, about six times the size of the (significant) results obtained in the experiment.

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Year of publication:	April 23, 2018
Authors:	Mehta, Nirav
Publisher:	[Kiel : ZBW
Subject:	hidden action \| empirical contracts \| teacher incentive pay \| Lehrkräfte \| Teaching profession \| Theorie \| Theory \| Leistungsanreiz \| Performance incentive \| Prinzipal-Agent-Theorie \| Agency theory \| Leistungsentgelt \| Performance pay \| Schätzung \| Estimation \| Produktionspotenzial \| Potential output

Extent:	1 Online-Ressource (circa 14 Seiten) Illustrationen
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/180848 [Handle]
Classification:	I2 - Education ; J3 - Wages, Compensation, and Labor Costs ; J4 - Particular Labor Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011878506