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Download full textKoedel, Cory; Xiang, P. Brett – National Center for Analysis of Longitudinal Data in Education Research (CALDER), 2015
We use data from workers in the largest public-sector occupation in the United States -- teaching -- to examine the effect of pension enhancements on employee retention. Specifically, we study a 1999 enhancement to the benefit formula for public school teachers in St. Louis that resulted in an immediate and dramatic increase in their incentives to…
Descriptors: Government Employees, Public School Teachers, Public Sector, Retirement Benefits
Koedel, Cory; Podgursky, Michael – National Center for Analysis of Longitudinal Data in Education Research, 2012
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…
Descriptors: Teacher Retirement, Retirement Benefits, Incentives, Teacher Effectiveness
