Robert M. Costrell, Ph.D.
Professor Emeritus of Education Reform and Economics
Robert M. Costrell is Professor Emeritus of Education Reform and Economics, at the University of Arkansas, since retiring in 2024. Upon arriving at U of A in 2006, he was awarded the Endowed Chair in Education Accountability, which he held until his retirement. During his U of A career, he became a national leader in teacher pension policy research. Earlier in his academic career he published seminal work in the economic analysis of education standards — his most cited work. Professor Costrell led the Department of Education Reform’s Study Abroad Program in Israel — the first such program at U of A. Prior to arriving at U of A, Dr. Costrell served in major policy roles for three governors of Massachusetts, including policy research director and chief economist, with a particular focus on education policy as that state’s landmark reforms were implemented.
Dr. Costrell is the 2020 recipient of the Steven D. Gold Award for contributions to public financial management in the field of intergovernmental relations and state and local finance. The award is given annually by the Association for Public Policy Analysis and Management, the National Conference of State Legislatures, and the National Tax Association.
Over the course of Professor Costrell’s academic career his seminal publications on teacher pensions, the economic theory of educational standards, income distribution and testing, and school finance litigation have appeared in major academic and general interest journals. These have included top economics journals, such as the American Economic Review, the Journal of Political Economy, the Journal of Public Economics, the Journal of Pension Economics and Finance; prominent education research journals such as Education Finance and Policy, and Educational Researcher, as well as generalist education publications, such as Education Next, Phi Delta Kappan, and Brookings Papers on Education Policy. He has also written commentaries for the Wall Street Journal and Education Week.
From 1999 to 2006, Dr. Costrell served in major policy roles for three governors of Massachusetts, including policy research director and chief economist, with a particular focus on education policy as that state’s landmark reforms were implemented. As education advisor to Governor Mitt Romney, he helped develop the governor’s comprehensive proposal for a second round of education reform in 2005, and also led the reforms of the state’s district and charter funding formulas. In 2003, Dr. Costrell’s extensive expert testimony in Massachusetts’ school finance case (Hancock v. Driscoll) proved critical to the successful defense of that state’s education reform program. He represented the administration on the Public Employee Retirement Administration Commission (2001-03) and the Massachusetts School Building Authority (2005-06).
Dr. Costrell has served on the U.S. Department of Education’s Advisory Council on Education Statistics, appointed by Secretary Paige (2001-02) and the National Technical Advisory Council for NCLB (2008-09), appointed by Secretary Spellings. He was Fellow in Education Reform of the George W. Bush Institute at Southern Methodist University in Dallas (2011-13). He has provided expert witness testimony in school finance cases in Missouri and Washington, and also aided the New York Attorney General’s Office.
Professor Costrell joined the faculty at the University of Arkansas in August 2006, and was the founding graduate director of the Ph.D. program in Education Policy. Professor Costrell was a professor of economics at the University of Massachusetts in Amherst, from 1978 to 2000. He received his B.A. in economics from the University of Michigan in 1972 and his Ph.D. in economics from Harvard University in 1978.