This paper examines the market for teachers in the UK from 1960 to 1996 using graduate cohort data from 5 separate cohorts. We find that relative wages in teaching compared to alternative professions have a significant impact on the likelihood of graduates choosing to teach, although the impact...

This paper examines the market for teachers in the UK from 1960 to 2002 using six graduate cohort data-sets. We find that, while there is no strong evidence that teachers are underpaid, the relative wages in teaching compared with alternative professions have a significant impact on the...