Decisions of college students determine who is prepared to teach. Anal
ysis of a college cohort from the early 1980s indicates that graduates
completing teacher training have roughly the same distribution of cog
nitive skills as all entrants into college. Yet, since college graduat
es are a select group, potential teachers fall low both in the overall
graduate distribution and in the distribution by gender and race. Tea
cher training completion is significantly lowered by state requirement
s for courses and teacher tests, even though their effect on teacher p
erformance is unclear. Surprisingly, participation in teacher training
is not significantly affected by relative teacher earnings (JEL 12).