Understanding the argument for market valuation of public pension liabilities
AbstractThose who follow the debate over fair-market valuation of public pension liabilities are aware that economists argue for using lower discount rates to value public pension liabilities but often are unaware of why economists believe what they do. This paper aims to better articulate those beliefs.
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Bibliographic InfoPaper provided by American Enterprise Institute in its series Working Papers with number 37897.
Date of creation: May 2013
Date of revision:
public pension system; Public Pension liabilities; pensions; market valuation;
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