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Chingos, Matthew M.; West, Martin R. – Education Finance and Policy, 2015
Since 2002, public school teachers in Florida have been permitted to choose between a defined benefit (DB) and a defined contribution (DC) retirement plan. We exploit this unique policy environment to study new teachers' revealed preferences over pension plan structures. Roughly 30 percent of teachers hired between 2003 and 2008 selected the DC…
Descriptors: Public School Teachers, Retirement Benefits, Selection, Preferences