The Resource Retirement benefits and teacher retention : a structural modeling approach, by David Knapp, Kristine M. Brown, James Hosek, Michael G. Mattock, Beth J. Asch

Retirement benefits and teacher retention : a structural modeling approach, by David Knapp, Kristine M. Brown, James Hosek, Michael G. Mattock, Beth J. Asch

Label
Retirement benefits and teacher retention : a structural modeling approach
Title
Retirement benefits and teacher retention
Title remainder
a structural modeling approach
Statement of responsibility
by David Knapp, Kristine M. Brown, James Hosek, Michael G. Mattock, Beth J. Asch
Creator
Contributor
Author
Subject
Language
eng
Summary
"Recently, many state governments have legislated reductions in teachers' retirement benefits for new and future employees as a means of addressing the large unfunded liabilities of their pension plans. However, there is little existing capacity to predict how these unprecedented pension reforms--and, more broadly, changes to teacher compensation--will affect teacher turnover and teacher experience mix, which, in turn, could affect the cost and efficacy of the public education system. This research develops a modeling capability to begin filling that gap. The authors develop and estimate a stochastic dynamic programming model to analyze the relationship between compensation, including retirement benefits, and retention over the career of Chicago public school teachers. The structural modeling approach used was first developed at RAND for the purpose of studying the relationship between military compensation and the retention of military personnel and is called the dynamic retention model, or DRM. Although the peer-reviewed literature on teachers includes research on retirement benefits and the timing of retirement, the research does not model compensation and retention over the length of the career from entry to exit (into retirement or an alternative career), and it has limited capability to predict the effect of compensation and retirement benefit changes on retention. By comparison, the DRM is well suited to these tasks, and the DRM specification developed here for Chicago teachers fits their career retention profile well." --
Assigning source
Back cover
Cataloging source
BTCTA
http://library.link/vocab/creatorName
Knapp, David
Illustrations
illustrations
Index
no index present
LC call number
LB2833.2
LC item number
.K63 2016
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1961-
http://library.link/vocab/relatedWorkOrContributorName
  • Brown, Kristine M.
  • Hosek, James R.
  • Mattock, Michael G.
  • Asch, Beth J.
  • Rand Corporation
  • Rand Education (Institute)
http://library.link/vocab/subjectName
  • Teacher turnover
  • Teacher turnover
  • Teachers
  • Teachers
Label
Retirement benefits and teacher retention : a structural modeling approach, by David Knapp, Kristine M. Brown, James Hosek, Michael G. Mattock, Beth J. Asch
Instantiates
Publication
Copyright
Note
  • "RR-1448-RC"--P. 4 of cover
  • "RAND Education."
Bibliography note
Includes bibliographical references (pages 111-116)
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
  • text
  • still image
Content type code
  • txt
  • sti
Content type MARC source
  • rdacontent
  • rdacontent
Contents
Overview of the Chicago teachers' employment context -- Insights from the teacher retention literature -- A dynamic retention model of Chicago public school teacher retention -- Chicago teacher retention data and teacher and nonteacher wage profiles -- DRM parameter estimates and model fit -- Policy simulations
Dimensions
23 cm
Extent
xvii, 116 pages
Isbn
9780833094513
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
color illustrations
System control number
  • (OCoLC)950958208
  • (OCoLC)ocn950958208
Label
Retirement benefits and teacher retention : a structural modeling approach, by David Knapp, Kristine M. Brown, James Hosek, Michael G. Mattock, Beth J. Asch
Publication
Copyright
Note
  • "RR-1448-RC"--P. 4 of cover
  • "RAND Education."
Bibliography note
Includes bibliographical references (pages 111-116)
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
  • text
  • still image
Content type code
  • txt
  • sti
Content type MARC source
  • rdacontent
  • rdacontent
Contents
Overview of the Chicago teachers' employment context -- Insights from the teacher retention literature -- A dynamic retention model of Chicago public school teacher retention -- Chicago teacher retention data and teacher and nonteacher wage profiles -- DRM parameter estimates and model fit -- Policy simulations
Dimensions
23 cm
Extent
xvii, 116 pages
Isbn
9780833094513
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
color illustrations
System control number
  • (OCoLC)950958208
  • (OCoLC)ocn950958208

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