Introduction to “rethinking Teacher Retirement Benefit Systems”
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The Effects of Defined Benefit Pension Incentives and Working Conditions on Teacher Retirement Decisions
The retirement behavior of Pennsylvania public school teachers in 1997–98 and 1998–99, a period when state early retirement incentives were temporarily increased, is modeled using a choice framework that emphasizes both pecuniary and nonpecuniary factors of the retirement decision under a defined benefit retirement plan. We find each to have large and statistically significant effects on the de...
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