"Offers an analysis of the promise and controversy around teacher pay for performance. Identifies potential strengths and weaknesses of performance-driven compensation policies and addresses key conceptual and implementation issues that have dominated the debate surrounding teacher compensation...

Introduction / John Chubb and Tom Loveless -- Would smaller classes help close the Black-white achievement gap? / Alan B. Krueger and Diane M. Whitmore -- Exploring explanations for ethnic differences in voucher impacts on student test scores / Paul E. Peterson and William G. Howell -- Reducing...