Retirement Benefits and Teacher Retention: A Structural Modeling Approach

doi:10.7249/RR1448

GSTDTAP > 资源环境科学

DOI	10.7249/RR1448
报告编号	RR-1448-RC
	Retirement Benefits and Teacher Retention: A Structural Modeling Approach
	David Knapp; Kristine M. Brown; James Hosek; Michael G. Mattock; Beth J. Asch
	2016
出版年	2016
页数	134
语种	英语
国家	美国
出版者	RAND Corporation
领域	资源环境
英文摘要	Recently, many state governments have legislated reductions in teachers' retirement benefits for new and future employees as a means of addressing the large unfunded liabilities of their pension plans. However, there is little existing capacity to predict how these unprecedented pension reforms — and, more broadly, changes to teacher compensation — will affect teacher turnover and teacher experience mix, which, in turn, could affect the cost and efficacy of the public education system. This research develops a modeling capability to begin filling that gap. The authors develop and estimate a stochastic dynamic programming model to analyze the relationship between compensation, including retirement benefits, and retention over the career of Chicago public school teachers. The structural modeling approach used was first developed at RAND for the purpose of studying the relationship between military compensation and the retention of military personnel and is called the dynamic retention model, or DRM. Although the peer-reviewed literature on teachers includes research on retirement benefits and the timing of retirement, the research does not model compensation and retention over the length of the career from entry to exit (into retirement or an alternative career), and it has limited capability to predict the effect of compensation and retirement benefit changes on retention. By comparison, the DRM is well suited to these tasks, and the DRM specification developed here for Chicago teachers fits their career retention profile well.
英文关键词	Retirement and Retirement Benefits Chicago RAND-initiated Teachers and Teaching Education Policy Wages and Compensation Teacher Incentives
URL	查看原文
来源平台	Rand Corporation
引用统计
文献类型	科技报告
条目标识符	http://119.78.100.173/C666/handle/2XK7JSWQ/4470
专题	资源环境科学
推荐引用方式 GB/T 7714	David Knapp,Kristine M. Brown,James Hosek,et al. Retirement Benefits and Teacher Retention: A Structural Modeling Approach:RAND Corporation,2016.