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ERIC Number: ED530020
Record Type: Non-Journal
Publication Date: 2012-Feb
Pages: 45
Abstractor: As Provided
Reference Count: 36
ISBN: N/A
ISSN: N/A
Teacher Pension Systems, the Composition of the Teaching Workforce, and Teacher Quality. Working Paper 72
Koedel, Cory; Podgursky, Michael
National Center for Analysis of Longitudinal Data in Education Research
Teacher pension systems target retirements within a narrow range of the career cycle by penalizing individuals who separate too soon or remain employed too long. The penalties result in the retention of some teachers who would otherwise choose to leave, and the premature exit of some teachers who would otherwise choose to stay. We examine how the effects of teachers' pension incentives on workforce composition influence teacher quality. Teachers who are held in by the "pull" incentives in the pension systems are not more effective, on average, than the typical teacher. Teachers who are encouraged to exit by the "push" incentives are more effective on average. We conclude that the net effect of teachers' pension incentives on workforce quality is small, but negative. Given the substantial and growing costs of current systems, and the lack of evidence regarding their efficacy, experimentation by traditional and charter schools with alternative retirement benefit structures would be useful. Appended are: (1) Pension-Wealth Calculations; and (2) Supplementary Tables. (Contains 10 tables, 1 figure and 28 footnotes.) [Additional funding for this paper was provided by the DC State Office of the Superintendent.]
National Center for Analysis of Longitudinal Data in Education Research. American Institutes for Research, 1000 Thomas Jefferson Street NW, Washington, DC 20007. Tel: 202-403-5000; Fax: 202-403-5454; e-mail: inquiry@caldercenter.org; Web site: http://www.caldercenter.org
Publication Type: Reports - Research
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: Institute of Education Sciences (ED)
Authoring Institution: Urban Institute, National Center for Analysis of Longitudinal Data in Education Research (CALDER)
Identifiers - Location: Missouri