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Kong, Wei; Ni, Shawn – Educational Researcher, 2023
The growing fiscal cost of K-12 teacher pension plans and pension-induced labor market distortions have led to calls for teacher pension reforms. Dynamic structural econometric models are a useful way to analyze the fiscal and staffing consequences of current and alternative retirement plans. This article lays out the benefits of the structural…
Descriptors: Economics, Statistical Analysis, Teacher Retirement, Retirement Benefits
Kim, Dongwoo; Koedel, Cory; Kong, Wei; Ni, Shawn; Podgursky, Michael; Wu, Weiwei – Education Finance and Policy, 2021
Public school teachers retire much earlier than comparable professionals. Pension rule changes affecting new teachers can be used to close this gap in the long run, but any effects will not be observed for decades and the implications for workforce quality are unclear. This paper considers targeted incentive policies designed to deter retirement…
Descriptors: Retirement Benefits, Experienced Teachers, Teacher Persistence, Public School Teachers
Ni, Shawn; Podgursky, Michael; Wang, Xiqian – National Center for Analysis of Longitudinal Data in Education Research (CALDER), 2020
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 very large increases in pension wealth for active…
Descriptors: Urban Schools, School Districts, Teacher Retirement, Retirement Benefits
Kim, Dongwoo; Koedel, Cory; Ni, Shawn; Podgursky, Michael; Wu, Weiwei – National Center for Analysis of Longitudinal Data in Education Research (CALDER), 2017
A vast research literature is devoted to analyzing causes of and potential remedies for early-career teacher attrition. However, much less attention has been paid to late-career attrition among experienced teachers, which is driven primarily by retirement plan incentives. Although there is some variation across states, it is generally the case…
Descriptors: Retirement Benefits, Teacher Retirement, Teacher Persistence, Experienced Teachers
Koedel, Cory; Ni, Shawn; Podgursky, Michael – Education Finance and Policy, 2014
During the late 1990s public pension funds across the United States accrued large actuarial surpluses. The seemingly flush conditions of the pension funds led legislators in most states to substantially improve retirement benefits for public workers, including teachers. In this study we examine the benefit enhancements to the teacher pension…
Descriptors: Retirement Benefits, Teacher Retirement, Beginning Teachers, Compensation (Remuneration)
Ni, Shawn; Podgursky, Michael – National Center for Analysis of Longitudinal Data in Education Research (CALDER), 2015
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…
Descriptors: Retirement Benefits, Teacher Retirement, Incentives, Public School Teachers
Backes, Ben; Goldhaber, Dan; Grout, Cyrus; Koedel, Cory; Ni, Shawn; Podgursky, Michael; Xiang, P. Brett; Xu, Zeyu – National Center for Analysis of Longitudinal Data in Education Research (CALDER), 2016
Most public school teachers in the United States are enrolled in defined benefit (DB) pension plans. Using administrative micro data from four states, combined with national pension funding data, we show these plans have accumulated substantial unfunded liabilities -- effectively debt -- owing to previous plan operations. On average across 49…
Descriptors: Public School Teachers, Retirement Benefits, Teacher Retirement, Age Differences
Koedel, Cory; Ni, Shawn; Podgursky, Michael; Xiang, P. Brett – Ewing Marion Kauffman Foundation, 2014
This report examines teacher pension plans in Missouri, with a particular focus on the Kansas City and Saint Louis school districts. Missouri is unusual in that public educators are divided among three pension systems: the Kansas City Public School Retirement System (KC), which covers 3 percent of Missouri teachers; the Public School Retirement…
Descriptors: Charter Schools, Retirement Benefits, Urban Schools, Rural Urban Differences
Koedel, Cory; Ni, Shawn; Podgursky, Michael; Xiang, P. Brett – Ewing Marion Kauffman Foundation, 2014
In "Missouri Charter Schools and Teacher Pension Plans: How Well Do Existing Pension Plans Serve Charter and Urban Teachers?" the authors stated that there is no reciprocity between the three Missouri teacher pension plans, based on their understanding that employer contributions could not transfer between plans. That statement is…
Descriptors: Charter Schools, Retirement Benefits, Urban Schools, Rural Urban Differences
Koedel, Cory; Ni, Shawn; Podgursky, Michael – National Center for Analysis of Longitudinal Data in Education Research, 2012
During the late 1990s public pension funds across the United States accrued large actuarial surpluses. The seemingly flush conditions of the pension funds led legislators in most states to substantially improve retirement benefits for public workers, including teachers. In this study we examine the benefit enhancements to the teacher pension…
Descriptors: Teacher Retirement, Retirement Benefits, Government Employees, Age Differences
Ni, Shawn; Podgursky, Michael; Ehlert, Mark – National Center on Performance Incentives, 2009
Policy discussions about teacher quality and teacher "shortages" often focus on recruitment and retention of young teachers. However, attention has begun to focus on the incentive effects of teacher retirement benefit systems, particularly given their rising costs and the large unfunded liabilities. In this paper we analyze accrual of…
Descriptors: Teacher Retirement, Public School Teachers, Teacher Persistence, Labor Market