Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/79661
Authors: 
Fitzpatrick, Maria D.
Lovenheim, Michael F.
Year of Publication: 
2013
Series/Report no.: 
CESifo Working Paper 4347
Abstract: 
Early retirement incentives (ERIs) are increasingly prevalent in education as districts seek to close budget gaps by replacing expensive experienced teachers with lower-cost newer teachers. Combined with the aging of the teacher workforce, these ERIs are likely to change the composition of teachers dramatically in the coming years. We use exogenous variation from an ERI program in Illinois in the mid-1990s to provide the first evidence in the literature of the effects of large-scale teacher retirements on student achievement. We find the program did not reduce test scores; likely, it increased them, with positive effects most pronounced in lower-SES schools.
Subjects: 
teacher retirement
early retirement incentives
teacher experience
JEL: 
J26
I21
I28
H75
Document Type: 
Working Paper

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