Teacher Pension Systems, the Composition of the Teaching Workforce, and Teacher Quality
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.
|Date of creation:||31 Aug 2011|
|Date of revision:||10 Apr 2012|
|Note:||Length: 38 pgs.|
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