Teacher pension enhancements and staffing in an urban school district

IF 1 4区 经济学 Q3 BUSINESS, FINANCE
Shawn Ni, M. Podgursky, Xiqian Wang
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引用次数: 2

Abstract

Abstract Many states enhanced benefits in teacher retirement plans during the 1990s. This paper examines the school staffing effects of one such enhancement in a major urban school district with mostly high poverty schools. Pension rule changes in 1999 for St. Louis public school teachers resulted in large increases in pension wealth for active teachers, as well as a powerful increase in ‘push’ incentives for earlier retirement. Simple descriptive statistics on retirement patterns before and after the enhancements suggest much earlier retirement resulted. Shorter teaching spells imply a steady state with more teacher turnover and a larger share of novice teachers in classrooms. To better understand the long-run effects of these changes and alternative policies, the authors estimate a structural model of teacher retirement. Simulations of retirement behavior for representative senior teachers point to shorter completed teaching spells and earlier retirement age as a result of the enhancements. By contrast, moving from the post-1999 to a DC-type plan would extend the teaching career of a representative senior teacher by roughly two years.
城市学区教师养老金的提高和人员配置
摘要许多州在20世纪90年代提高了教师退休计划的福利。本文考察了在一个以高贫困学校为主的主要城市学区中,这样一种增强措施对学校人员配置的影响。1999年圣路易斯公立学校教师养老金规则的变化导致在职教师的养老金财富大幅增加,并有力地增加了提前退休的“推动”激励措施。关于增强前后的退休模式的简单描述性统计数据表明,退休时间要早得多。更短的教学时间意味着一个稳定的状态,有更多的教师流动和更多的新手教师在课堂上。为了更好地理解这些变化和替代政策的长期影响,作者估计了一个教师退休的结构模型。对具有代表性的高级教师退休行为的模拟表明,由于这些改进,完成教学的时间更短,退休年龄更早。相比之下,从1999年后转向DC型计划将使一名有代表性的高级教师的教学生涯延长大约两年。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.20
自引率
8.30%
发文量
29
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