Bibliograph

The political economy of public pensions, Eileen Norcross, Daniel J. Smith

Type

Label

The political economy of public pensions, Eileen Norcross, Daniel J. Smith

Language

eng

Index

index present

Literary Form

non fiction

Main title

The political economy of public pensions

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

1266906786

Responsibility statement

Eileen Norcross, Daniel J. Smith

Series statement

Cambridge elements. Elements in Austrian economics,, 2399-651XCambridge Social Sciences eBooks

Summary

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.--, Provided by publisher

Contributor