A recent study by the Center for State and Local Government Excellence and the National Institute on Retirement Security finds that when such factors as education and work experience are accounted for, state and local employees earn 11 to 12 percent less than
comparable private sector workers.
Not exact matches
The study shows that on average, male
workers actually make slightly more in the
private sector than
comparable occupations in the public
sector.
(In their technical report, they present results indicating that teachers receive a 52 percent compensation and a 21.5 percent wage advantage over
comparable private -
sector workers.)
This is maybe a bit more than most
private -
sector workers receive, but it's not overly generous; it would be
comparable to 5 percent employer match on a 401k plan.
We conclude that public - school teacher salaries are
comparable to those paid to similarly skilled
private sector workers, but that more generous fringe benefits for public - school teachers, including greater job security, make total compensation 52 percent greater than fair market levels, equivalent to more than $ 120 billion overcharged to taxpayers each year.
... public - school teacher salaries are
comparable to those paid to similarly skilled
private sector workers, but that more generous fringe benefits for public - school teachers, including greater job security, make total compensation 52 percent greater than fair market levels, equivalent to more than $ 120 billion overcharged to taxpayers each year.