The political economy of public pensions /
Norcross, Eileen,
The political economy of public pensions / Eileen Norcross, Daniel J. Smith. - 1 online resource (78 pages) : digital, PDF file(s). - Cambridge elements. Elements in Austrian economics, 2399-651X . - Cambridge elements. Elements in Austrian economics, .
Title from publisher's bibliographic system (viewed on 29 Jul 2021).
Public pensions in the United States face an impending funding crisis in the wake of the financial crisis and the COVID-19 recession. Many cities and states will struggle to meet these growing obligations without major cuts in government services, reneging on pension promises, or raising taxes. This Element examines the development of the pension crisis through the lens of political economy. We analyze the knowledge and incentive problems inherent in the institutional structure, governance, and accounting of public pensions. We conclude by offering several institutional, governance, and reporting reforms to address the pension funding crisis.
9781009019965 (ebook)
Social security--United States.
HD7125 / .N67 2021
368.4300973
The political economy of public pensions / Eileen Norcross, Daniel J. Smith. - 1 online resource (78 pages) : digital, PDF file(s). - Cambridge elements. Elements in Austrian economics, 2399-651X . - Cambridge elements. Elements in Austrian economics, .
Title from publisher's bibliographic system (viewed on 29 Jul 2021).
Public pensions in the United States face an impending funding crisis in the wake of the financial crisis and the COVID-19 recession. Many cities and states will struggle to meet these growing obligations without major cuts in government services, reneging on pension promises, or raising taxes. This Element examines the development of the pension crisis through the lens of political economy. We analyze the knowledge and incentive problems inherent in the institutional structure, governance, and accounting of public pensions. We conclude by offering several institutional, governance, and reporting reforms to address the pension funding crisis.
9781009019965 (ebook)
Social security--United States.
HD7125 / .N67 2021
368.4300973
