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dc.contributor.authorMcGee, Joshua B.en_US
dc.contributor.authorWinters, Marcus A.en_US
dc.date.accessioned2018-02-13T20:34:45Z
dc.date.available2018-02-13T20:34:45Z
dc.date.issued2017-06-01
dc.identifierhttp://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000406596800004&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=6e74115fe3da270499c3d65c9b17d654
dc.identifier.citationJoshua B McGee, Marcus A Winters. 2017. "How Pensions Contribute to the Premium Paid to Experienced Public School Teachers." EDUCATIONAL RESEARCHER, Volume 46, Issue 5, pp. 250 - 258 (9).
dc.identifier.issn0013-189X
dc.identifier.issn1935-102X
dc.identifier.urihttps://hdl.handle.net/2144/27015
dc.description.abstractMany argue that public school systems should stop linking teachers’ salaries so closely to their years of experience. However, the effect of deferred retirement compensation on the premium paid to experienced teachers has, to date, been underappreciated. To shed more light on this issue, we calculate the total compensation earned by teachers in New York City and Philadelphia from both salary and deferred retirement compensation under each system’s currently operating defined-benefit plan. Retirement compensation in both cities is back-loaded, which substantially increases the premium paid to highly experienced teachers. In late-career years, teachers often earn a larger compensation premium from the accrual of pension benefits than from salary. We show that cash-balance retirement plans, which are less back-loaded, would substantially reduce experience premiums without reducing the total compensation for the average entering teacher.en_US
dc.description.urihttp://sites.bu.edu/marcuswinters/files/2017/09/Pensions-and-Experience-Premium.pdf
dc.format.extent250 - 258 (9)en_US
dc.languageEnglish
dc.publisherSAGE PUBLICATIONS INCen_US
dc.relation.ispartofEDUCATIONAL RESEARCHER
dc.subjectSocial sciencesen_US
dc.subjectEducation & educational researchen_US
dc.subjectDescriptive analysisen_US
dc.subjectEconomics of educationen_US
dc.subjectEducational policyen_US
dc.subjectFinanceen_US
dc.subjectRetirement systemsen_US
dc.subjectEducationen_US
dc.titleHow pensions contribute to the premium paid to experienced public school teachersen_US
dc.typeArticleen_US
dc.description.versionAccepted manuscripten_US
dc.identifier.doi10.3102/0013189X17721906
pubs.elements-sourceweb-of-scienceen_US
pubs.notesEmbargo: Not knownen_US
pubs.organisational-groupBoston Universityen_US
pubs.organisational-groupBoston University, School of Educationen_US
pubs.publication-statusPublisheden_US


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