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…

Defined benefit (DB) pension systems determine the size of pension payments using an employee's "final average salary". Thus, employees enrolled in DB pension systems face an incentive to "salary spike" -- strategically increase late career pensionable compensation -- to increase their retirement income. This is an important…

An estimated 17% to 30% of new teachers in the U.S. leave the profession within their first 5 years of teaching. Some challenges that prompt new teachers to leave the field include stress, lack of appropriate support, and feeling unprepared to handle behavioral and academic issues among their students. Research supports the finding that teachers…

In the United States most teacher compensation issues are decided at the school district level. However, a group of states have chosen to play a role in teacher pay decisions by instituting statewide teacher salary schedules. Education Commission of the States has found that 17 states currently make use of teacher salary schedules. This education…

During a time of historic COVID-related federal investment in child care and early education, states are working to leverage this opportunity to provide significant relief and recovery to providers and families. This fact sheet highlights the actions that select states have implemented to make the most of this critical time and opportunity. As…

In this paper, I document evidence that intergovernmental incentives inherent in public sector defined benefit pension systems distort the amount and timing of income for public school teachers. This intergovernmental incentive stems from the fact that, in many states, local school districts are responsible for setting the compensation that…

In late 1999, philanthropist Susie Buffett wanted to make the smartest possible investment to improve public education in her hometown of Omaha, Nebraska. She and her then-foundation president, Dan Pedersen, spoke with Superintendent John Mackiel regarding how he would choose to use private funds to enhance opportunities for Omaha's 46,000…