Early Retirement Incentives and Student Achievement

Maria Fitzpatrick and Michael Lovenheim

American Economic Journal: Economic Policy, 2014, vol. 6, issue 3, 120-54

Abstract: Early retirement incentives (ERIs) are increasingly prevalent in education as districts seek to close budget gaps by replacing expensive experienced teachers with lower cost newer teachers. Combined with the aging of the teacher workforce, these ERIs are likely to change the composition of teachers dramatically in the coming years. We use exogenous variation from an ERI program in Illinois in the mid-1990s to provide the first evidence in the literature of the effects of large-scale teacher retirements on student achievement. We find the program did not reduce test scores; likely, it increased them, with positive effects most pronounced in lower SES schools.

JEL-codes: H75 I21 I28 J26 J45 (search for similar items in EconPapers)
Date: 2014
Note: DOI: 10.1257/pol.6.3.120
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Citations: View citations in EconPapers (17)

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Related works:
Working Paper: Early Retirement Incentives and Student Achievement (2013)
Working Paper: Early Retirement Incentives and Student Achievement (2013)
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