Pension Underfunding and Liberal Retirement Benefits Among State and Local Government Workers
Finds evidence that the relative generosity of pensions among state and local government workers is related to the ability to underfund public employee retirement plans. Shows a strong, positive relationship among underfunding levels, individual pension wealth, and taxpayer mobility.
Volume (Year): 50 (1997)
Issue (Month): 1 (March)
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3451399, Harvard University Department of Economics.
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