Connecting you with the University of Missouri’s innovative research and creative activity

The Economics of Education

A visit with Michael Podgursky, Professor of Economics

By Noelle Buhidar
Published: - Topics: Salary Schedule Teacher Labor Market economics education Labor Economist

Fixing the Single Salary Schedule

Topics: Labor Economist Teacher Salary

Podgursky’s research aims to reform the single-salary schedule that provides salary increments according to a teacher’s years of experience as well as the number of college units and degrees earned. ““The whole compensation package for teachers, educators, and principals needs rethinking and needs to be thought about in a strategic way,” he says. “I think economics can help in thinking about the incentives, the structures, and efficient compensation design.”