A number of districts are moving toward a portfolio management model, in which central offices act as "portfolio managers" (PMs) that oversee--but may not actively manage--publicly funded schools. Using principal-agent theory, with its focus on goal alignment and the use of incentives, we explore how PMs operated in ways distinct from…

In the wake of the tragedy and destruction that came with Hurricane Katrina in 2005, public schools in New Orleans became part of an almost unthinkable experiment--eliminating the traditional public education system and completely replacing it with charter schools and school choice. Fifteen years later, the results have been remarkable, and the…

In "Challenging the One Best System," a team of leading education scholars offers a rich comparative analysis of the set of urban education governance reforms collectively known as the "portfolio management model." They investigate the degree to which this model--a system of schools operating under different types of governance…

Charter schools are funded and governed by public agencies but operated by private organizations under government contracts. As private organizations, charter schools have more autonomy over their operations than traditional public schools. Charter school teachers typically do not work under collective bargaining units or have tenure protections,…

Schools often struggle to attract and retain high-performing teachers and to develop or remove low-performing ones. In this study, the researchers considered whether this is true in New Orleans where almost all schools are charters with flexibility over personnel policies and practices, and where schools compete against one another and face…