Compensation matters

Munnell, Alicia Haydock, and Rebecca Cannon Fraenkel. “Compensation matters”. State and Local Pension Plans 28, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, January 2013. http://hdl.handle.net/2345/bc-ir:103847.
PREVIEW Datastream
PDF

Abstract

The brief's key findings are: (1) Many public sector pension plans have recently cut pension benefits for new hires, thereby reducing compensation. (2) The analysis looks at how such cutbacks could affect the quality of teachers. (3) One proxy for teacher quality is the average SAT score at a teacher's undergraduate institution. (4) The analysis finds that school districts with higher wages and/or higher pensions are able to hire teachers from institutions with higher SAT scores. (5) These results suggest that cutting compensation for new teachers is not costless, as it will likely reduce applicant quality.

Title
Compensation matters: The case of teachers
Author
Munnell, Alicia Haydock
Fraenkel, Rebecca Cannon
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
January 2013
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Pension Plans
Series Number
28
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:103847
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
State and Local Pensions

My Bookmarks

Bookmarks: