Over the past decade, education policy in America has received considerable media, academic, and political attention. This renewed attention has been brought on by the growing economic and social importance of education. With this increasing importance came closer scrutiny into how well students, teachers, and the system at large are performing. In this series of essays, I examine three questions in K-12 and higher education that inform this overarching concern. In the first essay, I explore whether the sanctions outlined in the most important piece of federal education legislation in the past quarter decade, NCLB (No Child Left Behind), improve students' academic performance. Using panel data on Maryland schools, I exploit the manner in wh...