A Structural Econometric Approach to Analyzing the Impact of Teacher Pension Reform
Wei Kong (kongwei@suibe.edu.cn) and
Shawn Ni (nix@missouri.edu)
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Wei Kong: School of Business, Shanghai University of International Business and Economics
No 2101, Working Papers from Department of Economics, University of Missouri
Abstract:
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 paper lays out the benefits of the structural econometric modeling approach for analyzing changes to teacher pension plans, and estimates such a model for Missouri public school teachers. The results are then used to simulate effects of a pension reform on teacher retirement and employer pension costs.
Keywords: teacher retirement; pension reform; structural models (search for similar items in EconPapers)
JEL-codes: H75 I21 J26 J45 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-age and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:umc:wpaper:2101
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