From a broader policy perspective, our estimates suggest that
ERI programs could be beneficial for school districts, saving them money on teacher salaries without harming student achievement.
If that is the case, our results yield information on the effect of
ERI programs on student achievement, but it could be misleading to use them to predict the effects of the impending spike in teacher retirements due to the aging of the teacher workforce.
The aging of the nation's teacher workforce underscores the importance of examining how
ERI programs influence student learning.
Despite the popularity of
ERI programs, little is known about how inducing experienced teachers to retire early affects student achievement.
«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.
In other words, even when
an ERI program creates substantial savings for school districts by reducing teacher salary costs, it still can cost the state money through higher pension payments.
On average, Illinois elementary and middle schools have 9.4 teachers in these grades, 5.2 of whom have 15 or more years of experience prior to
the ERI program.
In other words, schools with more veteran teachers before the creation of
the ERI program experienced much larger changes in teacher turnover and declines in teacher experience when the program was implemented than schools with fewer such teachers.
Our results suggest that the teacher retirements caused by
the ERI program did not reduce student achievement on average, and they may even have increased it.
Because the data cover the entire state, however, we can gauge the effect of
the ERI program on retirement by observing the change in exit rates of experienced teachers when the program was implemented.
To measure the effect on test scores of the retirements resulting from
the ERI program, we exploit the fact that teachers with more years of experience were much more likely to be affected by the program.
To overcome this challenge, we take advantage of a natural experiment brought about by a two - year
ERI program offered by Illinois in the early 1990s.
One drawback of this dataset is that it does not track teacher retirement or
ERI program participation directly.
Not exact matches
Through another NSF grant, in its Hydrologic Sciences
Program, Singer, Stella and
ERI director Kelly Caylor, also a professor in UCSB's Bren School of Environmental Science & Management, will study riparian forests along a major European river.
Although early retirement incentive (
ERI)
programs have been around since the 1970s, their popularity has spiked in the past five years, as it has during previous recessions.
Taking into account both costs and savings across the approximately 8,000 teachers who took advantage of the Illinois
program,
ERI resulted in savings to IPS districts of $ 550.5 million.
Dr Sanjay C Kuttan is the white paper chair and council member of the Sustainable Energy Association of Singapore, and
program director, Energy Research Institute @ NTU (
ERI @N), Nanyang Technological University.