The ongoing crisis in teacher pension funding has led states to consider various reforms in plan design to replace the traditional benefit formulas, based on years of service and final average salary (FAS). One such design is a cash balance (CB) plan, long deployed in the private sector, and increasingly considered, but rarely yet adopted, for…

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…

How are teacher pension benefits funded? Under traditional plans, the full cost of career teachers' benefits far exceeds the contributions designated for them. The gap between the two has three pieces, which may (with some license) be mnemonically tagged the three R's of pension funding: "redistribution," "return," and…

Do employees at public colleges and universities have better retirement benefits than K-12 employees? This is the central question in the new report "Choice and Quality Among Retirement Plans for Educators." To answer this question, we evaluate the quality of higher education and K-12 retirement plans using five key variables: (1)…

This report presents school district leaders' views about staff turnover, hiring, and districts' financial outlooks at the end of the 2020-2021 school year. Based on the survey responses of 292 district leaders from the American School District Panel (ASDP), the authors found that teacher and principal turnover had not increased substantially…

The future of arts education is at stake. This paper attempts to examine the future of arts education via the responses of a qualitative survey, student samples, individual interviews, and research regarding arts education as essential education for all learners during a pandemic and beyond. The sudden decree that all attendance at public and…

Grow Your Own (GYO) educator programs are a potential strategy for districts and universities to employ to help recruit and retain teachers of color. When designed within an asset-based framework, they emphasize equitable approaches and critical perspectives that combine the powerful roles of "homegrown" teachers, culturally-relevant…

In Project STAR, 11,571 students in Tennessee and their teachers were randomly assigned to different classrooms within their schools from kindergarten to third grade. This paper evaluates the long-term impacts of STAR using administrative records. We obtain five results. First, kindergarten test scores are highly correlated with outcomes such as…