The Dynamic Effects of Educational Accountability

49 Pages Posted: 24 Feb 2014 Last revised: 2 Dec 2022

See all articles by Hugh Macartney

Hugh Macartney

Duke University - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: February 2014

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, finding 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.

Suggested Citation

Macartney, Hugh, The Dynamic Effects of Educational Accountability (February 2014). NBER Working Paper No. w19915, Available at SSRN: https://ssrn.com/abstract=2400241

Hugh Macartney (Contact Author)

Duke University - Department of Economics ( email )

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