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Teaching, Teachers Pensions and Retirement across Recent Cohorts of College Graduate Women

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  • Maria D. Fitzpatrick

Abstract

Labor force participation rates of college-educated women ages 60 to 64 increased by 20 percent (10 percentage points) between 2000 and 2010. One potential explanation for this change stems from the fact that fewer college-educated women in the more recent cohorts were ever teachers. This occupational shift could affect the length of women’s careers because teaching is a profession where workers are covered by defined benefit pensions and, generally, defined benefit pensions allow workers to retire earlier than Social Security. I provide evidence supporting the hypothesis and show that older college-educated women who worked as teachers do not experience increases in labor force participation as large as their counterparts who never taught.

Suggested Citation

  • Maria D. Fitzpatrick, 2016. "Teaching, Teachers Pensions and Retirement across Recent Cohorts of College Graduate Women," NBER Working Papers 22698, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:22698
    Note: AG LS
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    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor

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