Most public school teachers in the United States are enrolled in defined benefit (DB) pension plans. Using administrative micro data from four states, combined with national pension funding data, we show these plans have accumulated substantial unfunded liabilities -- effectively debt -- owing to previous plan operations. On average across 49…

In this paper we report on research examining the revealed preferences of teachers in Denver Public Schools who were given the opportunity to select between remaining on a traditional salary schedule or opting in to one of the nation's highest profile pay reform systems, Denver's Professional Compensation System for Teachers. The incentive…

Reform advocates and policymakers concerned about the quality and distribution of teachers support proposals of alternative compensation for teachers in hard-to-hire subject areas, hard-to-staff schools, and with special knowledge and skills. The successful implementation of such proposals depends in large part on teacher attitudes. The current…