Template-Type: ReDIF-Paper 1.0 Title: Teacher Performance Pay and Student Learning: Evidence From a Nationwide Program in Peru Author-Name: Cristina Belles-Obrero ´ Author-Email: cbelleso@mail.uni-mannheim.de Author-Name: María Lombardi Author-Email: mlombardi@utdt.edu Classification-JEL: I21, M52, J4 Keywords: education, teachers, incentives, compensation, Peru Abstract: We study the impact on student achievement of a nationwide teacher pay-for-performance program implemented in Peruvian public secondary schools in 2015. Schools compete in a tournament primarily based on 8th graders’ performance in a standardized test, where the principal and teachers of the top 20 percent of schools receive a substantial bonus. We perform a difference-in-differences estimation comparing the internal grades of 8th and 9th graders of the same school, before and after the program. We find a precisely estimated zero effect on student achievement, and we reject impacts greater than 0.017 standard deviations, well below those previously found in the literature. We provide evidence against a series of potential explanations, and argue that this zero effect could be a consequence of teachers’ uncertainty about how to improve their students’ performance in the standardized test tied to the bonus. Note: Length: 57 Creation-Date: 2019-09 Revision-Date: File-URL: https://www.crctr224.de/research/discussion-papers/archive/dp126 Handle: RePEc:bon:boncrc:CRCTR224_2019_126