The Market Value of Public-Sector Pension Deficits
AbstractCurrent state pension accounting practices are inaccurate and outmoded; a more accurate accounting demonstrates that state pension funds are underfunded by more than six times the amount the plans report.
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Bibliographic InfoPaper provided by American Enterprise Institute in its series Working Papers with number 31094.
Date of creation: Apr 2010
Date of revision:
sector; retirement; public; policy; pension; Outlook; no; market; deficits; biggs; april; Andrew; Economic outlook; value;
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- Joshua Rauh & Robert Novy-Marx, 2010. "Policy Options for State Pension Systems and Their Impact on Plan Liabilities," NBER Working Papers 16453, National Bureau of Economic Research, Inc.
- Jan K. Brueckner & David Neumark, 2011.
"Beaches, sunshine, and public-sector pay: theory and evidence on amenities and rent extraction by government workers,"
2011/42, Institut d'Economia de Barcelona (IEB).
- Jan K. Brueckner & David Neumark, 2011. "Beaches, Sunshine, and Public-Sector Pay: Theory and Evidence on Amenities and Rent Extraction by Government Workers," NBER Working Papers 16797, National Bureau of Economic Research, Inc.
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