The demand for teachers by public school districts under three different market structures

TL;DRAbstract

A data set consisting of pooled cross-sectional and time series data is used to examine the demand for teachers by public school districts under three separate treatments of the supply side of the markets. The data describe Maryland public school districts for the 1955-1956 through 1979-1980 school years;School districts are assumed to maximize the average educational services produced per student given their budget for current educational expenditures. An educational production function, one argument of which is the teacher-student ratio, describes the production of these educational services;The demand for teachers is first estimated under the assumption that school districts face a perfectly elastic supply curve of teachers. The demand for teachers is found to be price inelastic using the average of actual teacher salaries to capture the price of teacher services. Alternative measures of the price of teacher services constructed from published salary schedules did not perform as exp

Chat with Paper

AI Agents for this Paper