A Structural Econometric Approach to Analyzing the Impact of Teacher Pension Reform

Bibliographic Data

ID9734751
AuthorsWei Kong (0000-0002-6554-4338, Shanghai University of International Business and Economics, Shanghai), Shawn Ni (University of Missouri-Columbia, Columbia, MO, corresponding author)
Year2023
Volume52
Issue2
Pages63-70
Publication date2023-03-01
Open AccessYes
TypeARTICLE
VenueEducational Researcher (JOURNAL)
Journal identifiersISSN: 0013-189X • E-ISSN: 1935-102X
PublisherAmerican Educational Research Association (AERA) (PUBLISHER)
DOI10.3102/0013189x221080913
OpenAlexW3133667674
LanguageEN
Citations received2
References cited22

The growing fiscal cost of K–12 teacher pension plans and pension-induced labor market distortions have led to calls for teacher pension reforms. Dynamic structural econometric models are a useful way to analyze the fiscal and staffing consequences of current and alternative retirement plans. This article lays out the benefits of the structural econometric modeling approach for analyzing changes to teacher pension plans and estimates such a model for Missouri public school teachers. The results are then used to simulate effects of a pension reform on teacher retirement and employer pension costs

Actuarial science · Econometric analysis · Econometric model · Econometrics · Economics · Labour economics · Macroeconomics · Pension · Staffing · Finance · Financial Literacy, Pension, Retirement Analysis · Gender, Labor, and Family Dynamics · School Choice and Performance

Tools

Open DOI