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A study released Monday by the National Bureau of Economic Research (abstract available here) finds variation in the effectiveness of instructors at the University of Phoenix, using a required college algebra course to measure results. The study finds that there is not a relationship between pay and instructor effectiveness. The study concludes that "personnel policies for recruiting, developing, motivating and retaining effective postsecondary instructors may be a key, yet underdeveloped, tool for improving institutional productivity."