While it is generally understood that defined benefit pension systems concentrate benefits on career teachers and impose costs on mobile teachers, there has been very little analysis of the magnitude of these effects. The authors develop a measure of implicit redistribution of pension wealth among teachers at varying ages of separation. Compared…

The traditional teaching career is collapsing at both ends. Beginners are being driven away by antiquated preparation practices, outdated school staffing policies, and inadequate career rewards. At the end of their careers, accomplished veterans who still have much to contribute are being separated from their schools by obsolete retirement…

This study examines the age distribution of faculty retirements at 101 colleges and universities offering at least the baccalaureate degree, representing 35,000 faculty. It examines both historical retirement patterns and distributions of faculty by age and discipline. The study also examines data from a survey of 518 retired faculty members…

Individuals who retire have widely varying needs and differ also in their preparedness for their new conditions.

In the coming decade, three major developments will become important factors for change in vocational education. These are changes in the demographic profile and retirement practices, regional shifts in economic activity and in employment, and renewal of the industrial sector as a key ingredient in economic growth. Because of inflation, greater…

By the end of 2005, the oldest baby boomers will begin turning 60. Although baby boomers have generally done better than any previous generation in terms of income and education, not all baby boomers have been successful. As baby boomers age, the total economically disadvantaged population will increase. Consequently, over the next decade, the…