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ERIC Number: ED528995
Record Type: Non-Journal
Publication Date: 2012-Jan
Pages: 14
Abstractor: As Provided
Reference Count: 0
ISBN: N/A
ISSN: N/A
Review of "Assessing the Compensation of Public-School Teachers"
Keefe, Jeffrey H.
National Education Policy Center
This report compares the pay, pension costs and retiree health benefits of teachers with those of similarly qualified private-sector workers. The study concludes that teachers receive total compensation 52% greater than fair market levels, which translates into a $120 billion annual "overcharge" to taxpayers. Built on a series of faulty analyses, this study misrepresents total teacher compensation in fundamental ways. First, teachers' 12% lower pay is dismissed as being appropriate for their lesser intelligence, although there is no foundation for such a claim. Total benefits are calculated as having a monetary value of 100.8% of pay, while the Department of Labor disagrees, giving a figure of 32.8%--a figure almost identical to that of people employed in the private sector. Pension costs are valued at 32%, but the real number is closer to 8.4%. The shorter work year is said to represent 28.8% additional compensation but the real work year is only 12% shorter. Teachers' job stability is said to be worth 8.6%, although the case for such a claim is not sustained. In sum, this report is based on an aggregation of such spurious claims. The actual salary and benefits for teachers show they are in fact undercompensated by 19%. (Contains 1 table and 22 notes.) [This report reviews "Assessing the Compensation of Public-School Teachers. A Report of the Heritage Center for Data Analysis" (ED525685).]
National Education Policy Center. School of Education 249 UCB University of Colorado, Boulder, Colorado 80309. Tel: 303-735-5290; e-mail: nepc@colorado.edu; Web site: http://nepc.colorado.edu
Publication Type: Reports - Evaluative
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: Great Lakes Center for Education Research and Practice
Authoring Institution: University of Colorado at Boulder, National Education Policy Center