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"Teachers' salaries have often been highlighted as an important issue in discussions on school improvement. The level and structure of teacher remuneration affect morale and the ability to focus on and devote adequate time to teaching. Lopez-Acevedo examines who teachers are, whether teacher are underpaid, and whether teachers face higher compensation uncertainty than their counterparts face. The results show that teachers in basic education constantly work fewer hours than their occupational counterparts. regression analysis shows that teacher sin basic public schools are better paid early in their professional lives than are other comparable individuals, Because retirement benefits are usually generous, teachers stay within the profession. This paper-a product of the poverty reduction and Economic management division, Latin America and the Caribbean Region-is part of a larger e

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