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Direct linkGoldhaber, Dan; Grout, Cyrus – Grantee Submission, 2016
This paper examines a natural experiment in which Washington State teachers were offered the opportunity to choose between enrolling in a traditional defined benefit (DB) plan and a hybrid plan with defined benefit and defined contribution (DC) components. We find plan preference is weakly related to estimates of the relative financial benefits of…
Descriptors: Retirement Benefits, Public School Teachers, Age Differences, Preferences
Goldhaber, Dan; Grout, Cyrus – National Center for Analysis of Longitudinal Data in Education Research (CALDER), 2014
This paper studies the pension preferences of Washington State public school teachers by examining two periods of time during which teachers were able to choose between enrolling in a traditional defined benefit plan and a hybrid plan with defined benefit and defined contribution components. Our findings suggest that a large share of teachers are…
Descriptors: Retirement Benefits, Public School Teachers, Preferences, Selection
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
