Skip to main content

Main menu

  • Home
  • Content
    • Current
    • Ahead of print
    • Archive
    • Supplementary Material
  • Info for
    • Authors
    • Subscribers
    • Institutions
    • Advertisers
  • About Us
    • About Us
    • Editorial Board
  • Connect
    • Feedback
    • Help
    • Request JHR at your library
  • Alerts
  • Call for Editor
  • Free Issue
  • Special Issue
  • Other Publications
    • UWP

User menu

  • Register
  • Subscribe
  • My alerts
  • Log in
  • My Cart

Search

  • Advanced search
Journal of Human Resources
  • Other Publications
    • UWP
  • Register
  • Subscribe
  • My alerts
  • Log in
  • My Cart
Journal of Human Resources

Advanced Search

  • Home
  • Content
    • Current
    • Ahead of print
    • Archive
    • Supplementary Material
  • Info for
    • Authors
    • Subscribers
    • Institutions
    • Advertisers
  • About Us
    • About Us
    • Editorial Board
  • Connect
    • Feedback
    • Help
    • Request JHR at your library
  • Alerts
  • Call for Editor
  • Free Issue
  • Special Issue
  • Follow uwp on Twitter
  • Follow JHR on Bluesky
Research ArticleArticles

Teacher Pension Plan Incentives, Retirement Decisions, and Workforce Quality

Shawn Ni, View ORCID ProfileMichael Podgursky and Xiqian Wang
Journal of Human Resources, January 2022, 57 (1) 272-303; DOI: https://doi.org/10.3368/jhr.57.1.1218-9912R2
Shawn Ni
Shawn Ni is a Professor of Economics in the Department of Economics, University of Missouri–Columbia.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
Michael Podgursky
Michael Podgursky is Chancellor’s Professor of Economics in the Department of Economics, University of Missouri–Columbia and Director, Sinquefield Center for Applied Economic Research, Saint Louis University.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • ORCID record for Michael Podgursky
  • For correspondence: PodgurskyM{at}Missouri.edu
Xiqian Wang
Xiqian Wang is an Assistant Professor in the School of Economics and Management, Beijing University of Technology.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • Article
  • Figures & Data
  • Supplemental
  • Info & Metrics
  • References
  • PDF
Loading

References

  1. ↵
    1. Börsch-Supan, Axel, and
    2. Vassilis Hajivassiliou
    . 1993. “Smooth Unbiased Multivariate Probability Simulators for Maximum Likelihood Estimation of Limited Dependent Variable Models.” Journal of Econometrics 58(3):347–68.
    OpenUrlCrossRefWeb of Science
  2. ↵
    1. Brown, Kristine
    . 2013. “The Link between Pensions and Retirement Timing: Lessons from California Teachers.” Journal of Public Economics 98:1–14.
    OpenUrlCrossRef
  3. ↵
    1. Burnette, Daarel, and
    2. Madeline Will
    . 2018. “Costly Pension Plans Are Fanning the Flames of Teacher Unrest.” Education Week 37(28):1.
    OpenUrl
  4. ↵
    1. Chetty, Raj,
    2. John Friedman, and
    3. Jonah Rockoff
    . 2014. “Measuring the Impacts of Teachers II: Teacher Value-Added and Student Outcomes in Adulthood.” American Economic Review 104(9):2633–79.
    OpenUrlCrossRef
  5. ↵
    1. Costrell, Robert, and
    2. Josh McGee
    . 2010. “Teacher Pension Incentives, Retirement Behavior, and Potential for Reform in Arkansas.” Education Finance and Policy 5(4):492–518.
    OpenUrlCrossRef
  6. ↵
    1. Costrell, Robert, and
    2. Michael Podgursky
    . 2009. “Peaks, Cliffs, and Valleys: The Peculiar Incentives in Teacher Retirement Systems and their Consequences for School Staffing.” Education Finance and Policy 4(2):175–211.
    OpenUrlCrossRef
  7. ↵
    1. DeArmond, Michael, and
    2. Dan Goldhaber
    . 2010. “Scrambling the Nest Egg: How Well Do Teachers Understand Their Pensions and What Do They Think about Alternative Structures?” Education Finance and Policy 5(4):558–89.
    OpenUrlCrossRef
  8. ↵
    1. Feng, Li, and
    2. Tim Sass
    . 2017. “Teacher Quality and Teacher Mobility.” Education Finance and Policy 12(3):396–418.
    OpenUrl
  9. ↵
    1. Fitzpatrick, Maria, and
    2. Michael Lovenheim
    . 2014. “Early Retirement Incentives and Student Achievement.” American Economic Journal: Economic Policy 6(3):120–54.
    OpenUrlCrossRefPubMed
  10. ↵
    1. Friedberg, Leora, and
    2. Sarah Turner
    . 2010. “Labor Market Effects of Pensions and Implications for Teachers.” Education Finance and Policy 5(4):463–91.
    OpenUrl
  11. ↵
    1. Goldhaber, Dan,
    2. Bethany Gross, and
    3. Daniel Player
    . 2010. “Teacher Career Paths, Teacher Quality, and Persistence in the Classroom: Are Public Schools Keeping Their Best?” Journal of Policy Analysis and Management 30(1):57–87.
    OpenUrl
  12. ↵
    1. Harris, Douglas, and
    2. Scott Adams
    . 2007. “Understanding the Level and Causes of Teacher Turnover: A Comparison with Other Professions.” Economics of Education Review 26(3):325–37.
    OpenUrlCrossRefWeb of Science
  13. ↵
    1. Judge, Timothy,
    2. Carl Thoreson,
    3. Joyce Bono, and
    4. Gregory Patton
    . 2001. “The Job Satisfaction–Job Performance Relationship: A Qualitative and Quantitative Review.” Psychological Bulletin 127(3):376–407.
    OpenUrlCrossRefPubMedWeb of Science
  14. ↵
    1. Knapp, Daniel,
    2. Kristine Brown,
    3. James Hosek,
    4. Michael Mattock, and
    5. Beth Asch
    . 2016. Retirement Benefits and Teacher Retention. Santa Monica, CA: RAND Corporation.
  15. ↵
    1. Koedel, Cory,
    2. Jiaxi Li,
    3. Matthew Springer, and
    4. Li Tan
    . 2017. “The Impact of Performance Ratings on Job Satisfaction for Public School Teachers.” American Educational Research Journal 54(2):241–78.
    OpenUrl
  16. ↵
    1. Koedel, Cory,
    2. Shawn Ni, and
    3. Michael Podgursky
    . 2014. “Who Benefits from Pension Enhancements?” Education Finance and Policy 9(2):165–92.
    OpenUrlCrossRef
  17. ↵
    1. Koedel, Cory,
    2. Michael Podgursky, and
    3. Shishan Shi
    . 2013. “Teacher Pension Systems, the Composition of the Teaching Workforce, and Teacher Quality.” Journal of Policy Analysis and Management 32(3):574–96.
    OpenUrlCrossRef
  18. ↵
    1. Kong, Wei,
    2. Shawn Ni,
    3. Michael Podgursky, and
    4. Weiwei Wu
    . 2018. “Pension Enhancements and Teacher Retirement.” CALDER Working Paper 195. Washington, DC: CALDER.
  19. ↵
    1. Krausen, Kelsey, and
    2. Jason Willis
    . 2018. “Silent Recession: Why California School Districts are Underwater despite Increases in Funding.” Technical Report. San Francisco, CA: WestEd.
  20. ↵
    1. Kreig, John
    . 2006. “Teacher Quality and Attrition.” Economics of Education 25:13–27.
    OpenUrl
  21. ↵
    1. Monahan, Amy
    . 2010. “Public Pension Plan Reform: The Legal Framework.” Education Finance and Policy 5(4):617–46.
    OpenUrlCrossRefWeb of Science
  22. ↵
    1. Ni, Shawn, and
    2. Michael Podgursky
    . 2016. “How Teachers Respond to Pension System Incentives: New Estimates and Policy Applications.” Journal of Labor Economics 34(4):1075–104.
    OpenUrl
  23. ↵
    1. Springer, Matthew,
    2. Walker Swain, and
    3. Luis Rodriguez
    . 2016. “Effective Teacher Retention Bonuses: Evidence from Tennessee.” Education Evaluation and Policy Analysis 38(2):347–68.
    OpenUrl
  24. ↵
    1. Steinberg, Matthew, and
    2. Lauren Sartain
    . 2015. “Does Teacher Evaluation Improve School Performance? Experimental Evidence from Chicago's Excellence in Teaching Project.” Education Finance and Policy 10(4):535–72.
    OpenUrlCrossRef
  25. ↵
    1. Stock, James, and
    2. David Wise
    . 1990. “Pensions, the Option Value of Work, and Retirement.” Econometrica 58(5):1151–80.
    OpenUrlCrossRefWeb of Science
  26. ↵
    1. Tennessee Consolidated Retirement System
    . 2018. “Comprehensive Annual Financial Report for Fiscal Year Ending June, 2018.” Technical Report. Nashville, TN: Tennessee Office of the Treasurer.
PreviousNext
Back to top

In this issue

Journal of Human Resources: 57 (1)
Journal of Human Resources
Vol. 57, Issue 1
1 Jan 2022
  • Table of Contents
  • Table of Contents (PDF)
  • Index by author
  • Back Matter (PDF)
  • Front Matter (PDF)
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on Journal of Human Resources.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Teacher Pension Plan Incentives, Retirement Decisions, and Workforce Quality
(Your Name) has sent you a message from Journal of Human Resources
(Your Name) thought you would like to see the Journal of Human Resources web site.
Citation Tools
Teacher Pension Plan Incentives, Retirement Decisions, and Workforce Quality
Shawn Ni, Michael Podgursky, Xiqian Wang
Journal of Human Resources Jan 2022, 57 (1) 272-303; DOI: 10.3368/jhr.57.1.1218-9912R2

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Share
Teacher Pension Plan Incentives, Retirement Decisions, and Workforce Quality
Shawn Ni, Michael Podgursky, Xiqian Wang
Journal of Human Resources Jan 2022, 57 (1) 272-303; DOI: 10.3368/jhr.57.1.1218-9912R2
Twitter logo Facebook logo Mendeley logo
  • Tweet Widget
  • Facebook Like
  • Google Plus One
Bookmark this article

Jump to section

  • Article
    • Abstract
    • I. Introduction
    • II. Institutional Background
    • III. Descriptive Statistics
    • IV. Teacher Quality and Retirement: Reduced-Form Estimates
    • V. Does Impending Retirement Induce Shirking?
    • VI. Estimating a Dynamic Structural Retirement Model
    • VII. Policy Simulations
    • VIII. Conclusion
    • Appendix 1
    • Footnotes
    • References
  • Figures & Data
  • Supplemental
  • Info & Metrics
  • References
  • PDF

Related Articles

  • Google Scholar

Cited By...

  • No citing articles found.
  • Google Scholar

More in this TOC Section

  • Employers’ Language Proficiency Requirements and Hiring of Immigrants
  • Effects of Non-Contributory Pensions on Older Adult Mortality in Rural Mexico
  • A Model of the Marginal Labor Supply Response to Transfer Programs, with a Historical Illustration
Show more Articles

Similar Articles

Keywords

  • J26
  • J45
  • J24
UW Press logo

© 2026 Board of Regents of the University of Wisconsin System

Powered by HighWire