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Using household survey data from 12 Latin American countries, this paper attempts to answer three research questions: (1) how does teacher’s remuneration compare to analogous counterparts in the labor market? (2) What are the factors that determineteacher pay and how does their contribution to teacher pay structure differ from what is found in the non-teaching sector? and (3) if it is true that persons with similar characteristics are paid less when they teach than when they take other jobs, then why dothey go into the teaching profession: who are the teachers?

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