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Direct linkDan Goldhaber; Cyrus Grout; Kristian L. Holden – Journal of Education Human Resources, 2024
Defined benefit (DB) pension plans incentivize "salary spiking," where sharp increases in pay are leveraged into significantly higher levels of retirement compensation. While egregious instances of salary spiking occasionally make headlines, there is little guidance on the definition of salary-spiking behavior or understanding of its…
Descriptors: Teacher Salaries, Retirement Benefits, Teacher Retirement, Compensation (Remuneration)
Download full textDan Goldhaber; Cyrus Grout; Kristian L. Holden; Josh B. McGee – Online Submission, 2024
Retirement plans can create strong financial incentives that have important labor market implications, and many states have adopted alternative plan designs that significantly change these incentives. The authors use longitudinal data to investigate the impact of Washington State's 1996 introduction of a hybrid retirement plan on late-career…
Descriptors: Retirement Benefits, Incentives, Faculty Mobility, Teacher Employment Benefits
