Tax and expenditure limitations, salary reductions, and public employee turnover Michael S. Hayes
By: Hayes, Michael S
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Material type: 
ArticlePublisher: 2020Subject(s): ADMINISTRACION PUBLICA | PERSONAL | SALARIOS | MOVILIDAD LABORAL | ESTADOS UNIDOS
In:
Public Budgeting and Finance v. 40, n. 4, Winter 2020, p. 38-61Summary: This study examines the relationship between salary and employee turnover behavior by analyzing a natural experiment created by the New Jersey Superintendent Salary Cap (NJSSC), which caused salary reductions for 25 percent of NJ superintendents in the initial year. I find that an additional $10,000 reduction in base salary due to the NJSSC corresponds to a 16 percent increase in the likelihood of superintendent turnover. This suggests salary expenditures are important public policy levers to retain employees. This study also contributes to prior research on tax and expenditure limitations (TELs) by documenting one of the first TELs placed directly on public employees.
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| OP 1716/2020/3-4 Post‐Keynesian public budgeting & finance | OP 1716/2020/4 Public Budgeting and Finance | OP 1716/2020/4-1 The impact of school choice on public school budgets | OP 1716/2020/4-2 Tax and expenditure limitations, salary reductions, and public employee turnover | OP 1716/2020/4-3 The lure of new jobs | OP 1716/2020/4-4 Beyond truth and integrity in state budgeting | OP 1716/2020/4-5 Accrual accounting and the Government's intertemporal budget constraint |
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This study examines the relationship between salary and employee turnover behavior by analyzing a natural experiment created by the New Jersey Superintendent Salary Cap (NJSSC), which caused salary reductions for 25 percent of NJ superintendents in the initial year. I find that an additional $10,000 reduction in base salary due to the NJSSC corresponds to a 16 percent increase in the likelihood of superintendent turnover. This suggests salary expenditures are important public policy levers to retain employees. This study also contributes to prior research on tax and expenditure limitations (TELs) by documenting one of the first TELs placed directly on public employees.
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