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Reducing Teacher Moral Hazard in the U.S. Elementary and Secondary Educational System through Merit-pay: An Application of the Principal–Agency Theory

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  • Michael Casson

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Suggested Citation

  • Michael Casson, 2007. "Reducing Teacher Moral Hazard in the U.S. Elementary and Secondary Educational System through Merit-pay: An Application of the Principal–Agency Theory," Forum for Social Economics, Springer;The Association for Social Economics, vol. 36(2), pages 87-95, October.
    • Handle: RePEc:spr:fosoec:v:36:y:2007:i:2:p:87-95
    DOI: 10.1007/s12143-007-9004-3
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    References listed on IDEAS

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    1. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, April.
    2. Dale Ballou, 1996. "Do Public Schools Hire the Best Applicants?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(1), pages 97-133.
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    Cited by:

    1. Rosemary Walker & Liviu Florea, 2014. "Easy-Come-Easy-Go: Moral Hazard in the Context of Return to Education," Journal of Business Ethics, Springer, vol. 120(2), pages 201-217, March.

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    More about this item

    Keywords

    Principal–Agent; Moral hazard; Remuneration scheme; Teacher effort; I20; I21; I22; I28;
    All these keywords.

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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