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Full-Text Articles in Education
Cross-Subsidization Of Teacher Pension Costs: The Impact Of Assumed Market Returns, Robert M. Costrell, Josh B. Mcgee
Cross-Subsidization Of Teacher Pension Costs: The Impact Of Assumed Market Returns, Robert M. Costrell, Josh B. Mcgee
Education Reform Faculty and Graduate Students Publications
It is well-known that public pension plans exhibit substantial cross-subsidies, both within cohorts, e.g. from early leavers to those who retire at the “sweet spot”, and across cohorts, through unfunded liabilities. However, the cross-subsidies within and across cohorts have never been provided in an integrated format. This paper provides such a framework, based on the gaps between normal cost rates for individuals and the uniform contribution rates for the cohort. Since the unfunded liabilities and associated cross-subsidies across cohorts derive from overly optimistic actuarial assumptions, we focus on the historically most important such assumption, the rate of return. We present …
Alternative Measures Of Noncognitive Skills And Their Effect On Retirement Preparation And Financial Capability, Gema Zamarro
Alternative Measures Of Noncognitive Skills And Their Effect On Retirement Preparation And Financial Capability, Gema Zamarro
Education Reform Faculty and Graduate Students Publications
Social science, more than ever, is drawing upon the insights of personality psychology. Though researchers now know that noncognitive skills and personality traits, such as conscientiousness, grit, self-control, or a growth mindset could be important for life outcomes, they struggle to find reliable measures of these skills. Self-reports are often used for analysis, but these measures have been found to be affected by important biases. We study the validity of innovative, more robust measures of noncognitive skills based on performance tasks. Our first proposed measure is an adaptation, for the adult population, of the Academic Diligence Task (ADT) developed and …
You Can’T Always Get What You Want: Using “Broken Lotteries” To Check The Validity Of Charter School Evaluations Using Matching Designs, Leesa M. Foreman, Kaitlin P. Anderson, Gary W. Ritter, Patrick J. Wolf
You Can’T Always Get What You Want: Using “Broken Lotteries” To Check The Validity Of Charter School Evaluations Using Matching Designs, Leesa M. Foreman, Kaitlin P. Anderson, Gary W. Ritter, Patrick J. Wolf
Education Reform Faculty and Graduate Students Publications
We consider situations in which public charter school lotteries are neither universally conducted nor consistently documented. Such lotteries produce “broken” Randomized Control Trials, but provide opportunities to assess the internal validity of quasi-experimental research designs. Here, we present the results of a statewide charter school evaluation using a broad-based student matching evaluation design, and run two additional analyses using the charter application wait-lists as robustness checks. Our additional models, which address concerns of self-selection by using only charter applicants as matched comparison students, yield similar effect estimates and thus provide support for the use of matching designs in charter school …