Labor market aspects of state and local retirement plans: a review of evidence and a blueprint for future research Research Traditional defined benefit (DB) pension plans remain the overwhelming norm for teachers, policemen and other employees of state and local governments. The incentives for workers with DB pension plans to stay in their jobs shift dramatically over the course of their careers.
Pensions and K-12 Teacher Retirement: An Analysis Using National Teacher Data Research The retirement security landscape has changed drastically for most workers over the last thirty years – except for public school teachers and other state and local government employees. Many private-sector employers have stopped offering traditional retirement plans, while most state and local employees remain covered by defined benefit (DB) pension plans.
Labor Market Effects of Pensions and Implications for Teachers Research While the retirement security landscape has changed drastically for most workers over the last twenty years, traditional defined benefit (DB) pension plans remain the overwhelming norm for K–12 teachers. Because DB plans pay off fully with a fixed income after retirement only if a teacher stays in the profession for decades and yield little or nothing if a teacher leaves early, DB plans induce a strong, nonlinear relationship between years of tenure and benefit accrual.
Marriage, Divorce, and Asymmetric Information Research In answers to unique questions from the National Survey of Families and Households, spouses reveal information about the value of their options outside of marriage as well as their beliefs about the value of their spouses’ outside options. We use this data to demonstrate several features of household bargaining.