Comparison of teacher compensation penalties with and without pension adjustments, 2012–2014
| Teacher penalty | ||
|---|---|---|
| Weekly | Hourly | |
| Adjusted pension | ||
| All total compensation | -9.4%*** | -12.5%*** |
| (Standard error) | (0.0074) | (0.0074) |
| Male total compensation | -27.0%*** | -31.5%*** |
| (Standard error) | (0.0135) | (0.0133) |
| Female total compensation | -2.2%* | -4.6%** |
| (Standard error) | (0.0085) | (0.0085) |
| ECEC pension | ||
| All total compensation | -9.1%** | -6.1%** |
| (Standard error) | (0.0087) | (0.0087) |
| Male total compensation | -28.2%*** | -23.7%*** |
| (Standard error) | (0.0146) | (0.0149) |
| Female total compensation | -1.2% | -1.1% |
| (Standard error) | (0.0104) | (0.0104) |
*p < 0.05; **p < 0.01; ***p < 0.0001
Notes: Table reports the estimated coefficient and the standard error on the indicator for public school teacher. The weekly wage and compensation regression specifications include educational variables of some college, associate degree, bachelor’s degree, master’s degree, professional degree, and doctorate, and also controls for age, age squared, female, black, Hispanic, Asian, married, noncitizen, and weeks worked per year. The hourly wage and compensation regressions add usual hours of work per week.
Sources: Author’s analysis of American Community Survey 2012–2014 data (Flood et al. 2015) and Employer Costs for Employee Compensation survey 2013 data (U.S. BLS 2013)
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