How Much Are Public School Teachers Willing to Pay for Their Retirement Benefits? Comment

IF 5.6 1区经济学 Q1 ECONOMICS

American Economic Journal-Economic Policy Pub Date : 2022-08-01 DOI:10.1257/pol.20200763

Shawn Ni, M. Podgursky, Fangda Wang

引用次数: 1

Abstract

In a widely cited study, Fitzpatrick (2015) found that more than one quarter of Illinois teachers were unwilling to pay 19 cents for pension enhancements worth one dollar in present value. We revisit this finding by tracking the same cohort of teachers to retirement, permitting exact measurement of service years and the annuity received. The vast majority of teachers purchased the upgrade. Among those who did not, the net benefit of the upgrade is negative given their retirement timing. The complex relationship between the timing of retirement and potential gain in pension wealth makes drawing inferences about teachers’ willingness to pay for this benefit difficult. (JEL H75, I21, J26, J32, J45)

查看原文本刊更多论文

公立学校教师愿意为他们的退休福利支付多少钱?评论

Fitzpatrick(2015)在一项被广泛引用的研究中发现，超过四分之一的伊利诺伊州教师不愿意为现值为1美元的养老金增加支付19美分。我们通过跟踪同一组教师直到退休，重新审视了这一发现，允许对服务年限和收到的年金进行精确测量。绝大多数教师购买了升级版。考虑到退休时间，那些没有退休的人的净收益为负。退休时间与养老金财富的潜在收益之间的复杂关系，使得推断教师是否愿意为这一福利买单变得困难。(j75, j21, j26, j32, j45)

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

American Economic Journal-Economic Policy ECONOMICS-

CiteScore

8.20

自引率

1.90%

发文量

期刊介绍： The American Economic Review (AER) is a general-interest economics journal. The journal publishes 12 issues containing articles on a broad range of topics. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in economics. American Economic Journal: Economic Policy publishes papers covering a range of topics, the common theme being the role of economic policy in economic outcomes. Subject areas include public economics; urban and regional economics; public policy aspects of health, education, welfare and political institutions; law and economics; economic regulation; and environmental and natural resource economics.