Teacher Pension Incentives and Labor Market Behavior: Evidence from Missouri Administrative Teacher Data. Conference Paper 2009-11 Paper prepared for "Rethinking Teacher Retirement Benefit Systems" (Nashville, TN, Feb 19-20, 2009).

Autor/inn/en	Ni, Shawn; Podgursky, Michael; Ehlert, Mark
Institution	Vanderbilt University, National Center on Performance Incentives
Titel	Teacher Pension Incentives and Labor Market Behavior: Evidence from Missouri Administrative Teacher Data. Conference Paper 2009-11 Paper prepared for "Rethinking Teacher Retirement Benefit Systems" (Nashville, TN, Feb 19-20, 2009).
Quelle	(2009), (36 Seiten) PDF als Volltext Verfügbarkeit
Zusatzinformation	Weitere Informationen
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Teacher Retirement; Public School Teachers; Teacher Persistence; Labor Market; Retirement Benefits; Costs; Incentives; Measurement; Investment; Economics; Longitudinal Studies; Models; State Regulation; Compensation (Remuneration); Educational Policy; Educational Finance; Financial Policy; Public Policy; Policy Analysis; Laws; Teacher Rights; Economic Change; Economic Climate; Finance Reform; Contracts; Fiscal Capacity; Economic Factors; Missouri + Suchen Sie Ihr Suchwort? Labour market; Arbeitsmarkt; Retirement pay; Ruhegehalt; Cost; Kosten; Anreiz; Messverfahren; Investments; Geldanlage; Investiton; Volkswirtschaftslehre; Longitudinal study; Longitudinal method; Longitudinal methods; Längsschnittuntersuchung; Analogiemodell; Staatliche Lenkung; Abfindung; Kompensation; Lohnausgleich; Politics of education; Bildungspolitik; Bildungsfonds; Fiscal policy; Finanzpolitik; Öffentliche Ordnung; Politikfeldanalyse; Law; Recht; Ökonomischer Wandel; Wirtschaftslage; Financial reform; Finanzreform; Vertrag; Finanzmittel; Ökonomischer Faktor
Abstract	Policy discussions about teacher quality and teacher "shortages" often focus on recruitment and retention of young teachers. However, attention has begun to focus on the incentive effects of teacher retirement benefit systems, particularly given their rising costs and the large unfunded liabilities. In this paper we analyze accrual of pension wealth for teachers in a representative defined benefit teacher pension system. Missouri substantially enhanced retirement benefits during the 1990's in response to a booming stock market. We estimate the current costs of those enhancements, and evidence of their effects on teacher retention and retirement. We construct forward-looking measures of teacher pension wealth and show that the actual distribution of teacher retirements can be approximated by simple models which assume that teachers retire when pension wealth is maximized. While retirement age is rising in other sectors of the economy, these pension enhancements appear to have lowered the average experience and age of retiring public school teachers in Missouri. Calculation of Current and Maximum Pension Wealth is appended. (Contains 2 tables, 11 figures, and 10 footnotes.) (As Provided).
Anmerkungen	National Center on Performance Incentives. Peabody College of Vanderbilt University, PMB #43, 230 Appleton Place, Nashville, TN 37203. Tel: 615-322-5538; Fax: 615-322-6018; e-mail: ncpi@vanderbilt.edu; Web site: http://www.performanceincentives.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10