@TechReport{iza:izadps:dp9458, author={Woo, Seokjin and Lee, Soohyung and Kim, Kyunghee}, title={Carrot and Stick? Impact of a Low-Stakes School Accountability Program on Student Achievement}, year={2015}, month={Oct}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={9458}, url={https://www.iza.org/index.php/publications/dp9458}, abstract={A key concern in the design of education policies relates to the structure of incentives in accountability systems. This paper examines a school accountability program that provides financial support to low-performing schools but has no direct punishment scheme for recipients who do not exhibit improvement. Although the program does not include high-stakes consequences, our estimates indicate that the program reduced the share of underperforming students by 18 percent. This paper's results suggest that to improve student achievement, a school accountability program does not need to set high-stakes consequences that potentially induce unwanted strategic behaviors on the part of school workers.}, keywords={school performance;student achievement;school accountability;fuzzy regression discontinuity design}, }