Teacher Pension Systems, the Composition of the Teaching Workforce, and Teacher Quality

Cory Koedel and Michael Podgursky

No 1109, Working Papers from Department of Economics, University of Missouri

Abstract: Teacher pension systems impose large penalties on individuals who separate too soon or remain employed too long. The penalties result in the retention of some teachers who would otherwise choose to leave, and the premature exit of some teachers who would otherwise choose to stay. We examine how these compositional effects of teacher pension systems influence the quality of the teaching workforce, conditional on individuals who initially select into teaching. We find no evidence that the pull and push incentives raise teacher quality, and if anything, we find modest negative effects. Our results support future experimentation with compensation schemes for educators that are not so heavily backloaded.

Keywords: Educator Pensions; Teacher Pensions; Backloaded Compensation; Teacher Pensions and Teacher Quality; Teacher Compensation; Selection into Teaching (search for similar items in EconPapers)
JEL-codes: I20 J30 J45 (search for similar items in EconPapers)
Date: 2011-08-31, Revised 2012-04-10
New Economics Papers: this item is included in nep-hrm, nep-lab and nep-ure
Note: Length: 38 pgs.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Journal Article: Teacher Pension Systems, the Composition of the Teaching Workforce, and Teacher Quality (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:umc:wpaper:1109

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