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来源类型Working Paper
规范类型报告
DOI10.3386/w17538
来源IDWorking Paper 17538
Adverse Selection and Incentives in an Early Retirement Program
Kenneth T. Whelan; Ronald G. Ehrenberg; Kevin F. Hallock; Ronald L. Seeber
发表日期2011-10-27
出版年2011
语种英语
摘要We evaluate potential determinants of enrollment in an early retirement incentive program for non-tenure-track employees of a large university. Using administrative record on the eligible population of employees not covered by collective bargaining agreements, historical employee count and layoff data by budget units, and public information on unit budgets, we find dips in per-employee finance in a budget unit during the application year and higher recent per employee layoffs were associated with increased probabiliites of eligible employee program enrollment. Our results also suggest, on average, that employees whose salaries are lower than we would predict given their personal characteristics and job titles were more likely to enroll in the early retirement program. To the extent that employees' compensation reflects their productivity, as it should under a pay system in which annual salary increases are based on merit, this finidng suggests that adverse selection was not a problem with the program. That is, we find no evidence that on average the "most productive" employees took the incentive.
主题Health, Education, and Welfare ; Education ; Labor Economics ; Labor Supply and Demand ; Labor Compensation
URLhttps://www.nber.org/papers/w17538
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/575212
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Kenneth T. Whelan,Ronald G. Ehrenberg,Kevin F. Hallock,et al. Adverse Selection and Incentives in an Early Retirement Program. 2011.
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