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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
Goldhaber, Dan; Grout, Cyrus; Holden, Kristian; McGee, Josh – National Center for Analysis of Longitudinal Data in Education Research (CALDER), 2022
Over the last two decades, twenty-two states have moved away from traditional defined benefit (DB) pension systems and toward pension plan structures like the defined contribution (DC) plans now prevalent in the private sector. Others are considering such a reform as it is seen as a means of limiting future pension funding risk. It is important to…
Descriptors: Teacher Retirement, Retirement Benefits, Time, Labor Turnover
