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composition of teacher workforce, and that program benefits far exceeded its costs. We propose mechanisms for observed long …
Persistent link: https://www.econbiz.de/10014247978
Several states have recently attempted to boost retirement saving by adopting "auto-IRA" policies that require employers not currently offering an employer-sponsored retirement plan (ESRP) to either (1) establish an ESRP or (2) enroll employees in state-facilitated Individual Retirement Accounts...
Persistent link: https://www.econbiz.de/10015056142
Distribution choices by individuals retiring from CalSTRS are examined for participants that retired between 2016 and 2023. Women are much more likely to select a member-only annuity while a larger proportion of men select a J&S annuity that provide survivor benefits. Being married is a dominant...
Persistent link: https://www.econbiz.de/10014576660
We evaluate private equity (PE) performance using investor-specific stochastic discount factors, and examine whether investors could benefit from changing their allocation to PE. Plans invest in PE funds with higher average risk-adjusted performance. This is mainly due to access to successful PE...
Persistent link: https://www.econbiz.de/10015145145
Recordkeepers in DC pension plans are often paid indirectly in the form of revenue sharing from third-party funds on the menu. We show that these arrangements affect the investment menu of 401(k) plans. Revenue-sharing funds are more likely to be added to the menu and are less likely to be...
Persistent link: https://www.econbiz.de/10013477213
categorize the literature into seven tests: (1) costs of capital, (2) performance of portfolios, (3) ownership by types of …
Persistent link: https://www.econbiz.de/10013477263
This paper explores the relationship between different funding structures--including the source, instrument, currency …, and counterparty location of funding--and the extent of financial stress experienced in different countries and sectors …-sector-time panels to assess how different funding structures are related to financial stress. A higher share of funding from non …
Persistent link: https://www.econbiz.de/10014287355
In 1975, a federal court ordered the desegregation of public schools in Jefferson County, KY. In order to approximately equalize the share of minorities across schools, students were assigned to a busing schedule that depended on the first letter of their last name. We use the resulting...
Persistent link: https://www.econbiz.de/10015195011
Underrepresented minority (URM) college students have been steadily earning degrees in relatively less lucrative fields of study since the mid-1990s. A decomposition reveals that this widening gap is principally explained by rising stratification at public research universities, many of which...
Persistent link: https://www.econbiz.de/10015171672
Schools often track students to classes based on ability. Proponents of tracking argue it is a low-cost tool to improve learning since instruction is more effective when students are more homogeneous, while opponents argue it exacerbates initial differences in opportunities without strong...
Persistent link: https://www.econbiz.de/10013362024