How Much Are Public School Teachers Willing to Pay for Their Retirement Benefits? Comment
重新审视了Fitzpatrick（2015）关于教师不愿为养老金增值付费的发现，通过追踪同一批教师至退休，发现大多数教师购买了升级，而未购买者因退休时机导致净收益为负，表明退休时机与养老金收益的复杂关系使推断教师支付意愿变得困难。
In a widely cited study, Fitzpatrick (2015) found that more than one quarter of Illinois teachers were unwilling to pay 19 cents for pension enhancements worth one dollar in present value. We revisit this finding by tracking the same cohort of teachers to retirement, permitting exact measurement of service years and the annuity received. The vast majority of teachers purchased the upgrade. Among those who did not, the net benefit of the upgrade is negative given their retirement timing. The complex relationship between the timing of retirement and potential gain in pension wealth makes drawing inferences about teachers’ willingness to pay for this benefit difficult.