Monday, October 10, 2011

When Are Incentives Okay?

The NFL and the NEA have very different compensation schemes.

Are the differences appropriate for the differences in context? Or would it be better if football players were paid based on seniority? Or would it be better if teachers got paid based on performance?

Problem: It is possible (mostly) to measure performance in football. In teaching.... ??
(Nod to Jay Larson)

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Do you have suggestions on where we could find more examples of this phenomenon?