Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/52456 
Year of Publication: 
2011
Series/Report no.: 
CESifo Working Paper No. 3605
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Educators in public schools in the United States are typically enrolled in defined-benefit pension plans, which penalize across-plan mobility. We use administrative data from Missouri to examine how the mobility penalties affect the labor market for school leaders. We show that pension borders greatly affect leadership flows across schools - for two groups of schools separated by a pension border, our estimates indicate that removing the border will increase leadership mobility between them by 97 to 163 percent. We consider the implications of the pension-induced rigidities in the leadership labor market for schools near pension borders in Missouri. Our findings are of general interest given that thousands of public schools operate near pension boundaries nationwide.
JEL: 
H50
I20
J30
Document Type: 
Working Paper
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