How Teachers Respond to Pension System Incentives: New Estimates and Policy Applications. Working Paper 147

Autor/inn/en	Ni, Shawn; Podgursky, Michael
Institution	National Center for Analysis of Longitudinal Data in Education Research (CALDER) at American Institutes for Research
Titel	How Teachers Respond to Pension System Incentives: New Estimates and Policy Applications. Working Paper 147
Quelle	(2015), (42 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Zusatzinformation	Weitere Informationen
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Retirement Benefits; Teacher Retirement; Incentives; Public School Teachers; Models; Goodness of Fit; Statistical Analysis; Missouri + Suchen Sie Ihr Suchwort? Retirement pay; Ruhegehalt; Anreiz; Analogiemodell; Statistische Analyse
Abstract	Rising costs of public employee pension plans are a source of fiscal stress in many cities and states and have led to calls for reform. To assess the economic consequences of plan changes it is important to have reliable statistical models of employee retirement behavior. The authors estimate a structural model of teacher retirement using administrative panel data. A Stock-Wise option value model provides a good fit to the data and predicts well out-of-sample on the effects of pension enhancements during the 1990s. The structural model is used to simulate the effect of alternatives to the current defined benefit plan. (As Provided).
Anmerkungen	National Center for Analysis of Longitudinal Data in Education Research. American Institutes for Research, 1000 Thomas Jefferson Street NW, Washington, DC 20007. Tel: 202-403-5796; Fax: 202-403-6783; e-mail: info@caldercenter.org; Web site: https://caldercenter.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01