Abstract

http://ssrn.com/abstract=2014965
 


 



The Dynamic Effects of Educational Accountability


Hugh Macartney


Duke University - Department of Economics

March 1, 2015

Economic Research Initiatives at Duke (ERID) Working Paper No. 126

Abstract:     
This paper provides the first evidence that value-added education accountability schemes induce dynamic distortions. Extending earlier dynamic moral hazard models, I propose a new test for ratchet effects, showing that classroom inputs are distorted less when schools face a shorter horizon over which they can influence student performance. I then exploit grade span variation using rich educational data to credibly identify the extent of dynamic gaming, fi nding compelling evidence of ratchet effects based on a triple-differences approach. Further analysis indicates that these effects are driven primarily by effort distortions, with teacher reallocations playing a secondary role.

Number of Pages in PDF File: 52

Keywords: Dynamic Gaming, Dynamic Incentives, Ratchet E ffects, Educational Accountability, Education Production

JEL Classification: D82, I21, J24, J33, M52


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Date posted: March 4, 2012 ; Last revised: March 19, 2015

Suggested Citation

Macartney, Hugh, The Dynamic Effects of Educational Accountability (March 1, 2015). Economic Research Initiatives at Duke (ERID) Working Paper No. 126. Available at SSRN: http://ssrn.com/abstract=2014965 or http://dx.doi.org/10.2139/ssrn.2014965

Contact Information

Hugh Macartney (Contact Author)
Duke University - Department of Economics ( email )
213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States
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