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Compensation Matters: The Case of Teacher Pension Cuts (PDF)
Center for State & Local Government Excellence Link to more items from this source
Feb. 14, 2013

"Many public sector pension plans have recently cut pension benefits for new hires, thereby reducing compensation. One proxy for teacher quality is the average SAT score at a teacher's undergraduate institution. School districts with higher wages and/or higher pensions are able to hire teachers from institutions with higher SAT scores. Cutting compensation for new teachers is not costless, as it will likely reduce applicant quality."

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