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Public sector employees receive large fractions of their lifetime income in the form of deferred compensation. The introduction of the opportunity provided to Illinois public school employees to purchase additional pension benefits allows me to estimate employees' willingness-to-pay for benefits...
Persistent link: https://www.econbiz.de/10010951096
A major factor weighing down the long-term finances of state and local governments is the obligation to fund retiree benefits. While state and local government pension obligations have been analyzed in great detail, much less attention has been paid to the costs of the other major retiree...
Persistent link: https://www.econbiz.de/10011245962
An important goal of the desegregation of schools following the Supreme Court's decision in Brown vs. Board of Education was to improve the quality of the schools black children attended. This paper uses a new dataset to examine the effects of desegregation on public and private enrollment and...
Persistent link: https://www.econbiz.de/10005775139
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...
Persistent link: https://www.econbiz.de/10008610984
now than they were then. This paper demonstrates that competition for space--the number of students who wish to attend … to its resources and peers. In other words, students used to attend a local college regardless of their abilities and its … consequent re-sorting of students among colleges that has, at once, caused selectivity to rise in a small number of colleges …
Persistent link: https://www.econbiz.de/10008619283
the causal relationship by exploiting a discontinuity in eligibility requirements and find that for students on the margin …
Persistent link: https://www.econbiz.de/10009025234
disadvantaged neighborhoods and serve students who are substantially poorer than the average public school student in New York City …-out students. Using the lotteries to form an intention-to-treat variable, we instrument for actual enrollment and compute the …
Persistent link: https://www.econbiz.de/10005723117
Are teachersʼ impacts on studentsʼ test scores ("value-added") a good measure of their quality? One reason this question has sparked debate is disagreement about whether value-added (VA) measures provide unbiased estimates of teachersʼ causal impacts on student achievement. We test for bias...
Persistent link: https://www.econbiz.de/10010969316
Why are public-sector workers so heavily compensated with pensions and other non-pecuniary benefits? In this paper, we present a political economy model of shrouded compensation in which politicians compete for taxpayers' and public employees' votes by promising compensation packages, but some...
Persistent link: https://www.econbiz.de/10010969337
Public sector defined benefit pension plans are based on final earnings. As such, these plans are back-loaded; those with long careers receive substantial benefits and those who leave early receive little. The analysis consists of three parts. The first section discusses the design of state and...
Persistent link: https://www.econbiz.de/10010969345