The NYT recently hosted a debate on whether teachers are *overpaid*. You need to consider
(1) the value of tenure, pension benefits, and health benefits for both current and retired teachers
(2) summers off
(3) the fact that education is one of the easier majors.
http://www.nytimes.com/roomfordebat...re-than-they-would-in-the-private-sectorAre Teachers Overpaid?
New York Times
JANUARY 2, 2013, 3:38 PM
From the
"study" linked in the NYT opinion page referenced above:
First, formal educational attainment, such as a degree acquired or years of education completed, is not a good proxy for the earnings potential of school teachers.
Yes, because then we'd have to look at college debt in the mix, and that would be inconvenient to our partisan mission.
The wage gap between teachers and non-teachers disappears when both groups are matched on an objective measure of cognitive ability rather than on years of education.
I think we've covered the "achievement is a confluence of a number of factors, of which cognitive ability is just one" topic in this forum pretty thoroughly, so, moving on.
Public-school teachers earn higher wages than private- school teachers, even when the comparison is limited to secular schools with standard curriculums.
Yes, and private school teachers are generally required to have less credentials ($$).
Flawed analysis = flawed conclusions.
