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An enhanced capability to model how compensation policy affects U.S. Department of Defense civil service retention and cost / David Knapp [et al.]
- Format:
- Book
- Government document
- Author/Creator:
- Knapp, David (David M.), [author[.
- Asch, Beth J., author.
- Mattock, Michael G., 1961- author.
- Hosek, James R., author.
- Series:
- Research report (Rand Corporation)
- Language:
- English
- Subjects (All):
- Employee retention--United States.
- Employee retention.
- Employees--Salaries, etc.
- United States.
- United States. Department of Defense--Officials and employees--Salaries, etc.
- Federal Employees' Retirement System (U.S.).
- United States. Department of Defense.
- Physical Description:
- 1 online resource (xv, 89 pages) : color illustrations
- Place of Publication:
- Santa Monica, CA : RAND Corporation, 2016.
- Summary:
- "Policymakers need a rigorous capability to evaluate the retention and cost effect of possible changes to U.S. Department of Defense (DoD) civilian workforce compensation. The research reported here extends earlier work by estimating dynamic retention models (DRMs) for entry cohorts from 1988 to 2000; estimating new age-earning profiles for federal civilian and private-sector workers for use as an input to the DRM; examining DRM parameter estimates by cohort to check for consistency and possible trends, such as a change in the preference for DoD civilian employment across cohorts; and developing a costing model for comparing the cost of alternative policies along with their retention effects. The earning analysis finds that estimates based on recent cross-sectional data from the American Community Survey closely reflect earning profiles constructed from synthetic cohorts of Current Population Survey data. Differences in the preferences for DoD civilian employment across cohorts are small, and the use of a DRM estimated from a sample combining the cohorts is justifiable. The DRM fits the data well for each cohort and the combined sample. The new capability is demonstrated by simulating the retention and cost effect of a policy change mandating that workers pay a larger share of the total contributions to the Federal Employees Retirement System"--Publisher's description
- Notes:
- "December 6, 2016"--Table of contents page
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