The Political Economy of Public Pensions

The Political Economy of Public Pensions
Author: Eileen Norcross
Publisher: Cambridge University Press
Total Pages: 128
Release: 2021-09-02
Genre: Business & Economics
ISBN: 1009027026

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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.


The Political Economy of Public Pensions
Language: en
Pages: 128
Authors: Eileen Norcross
Categories: Business & Economics
Type: BOOK - Published: 2021-09-02 - Publisher: Cambridge University Press

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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 wil
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Since pension schemes-along with health care and education-absorb the largest amount of social expenditure in all countries, their reform has a potentially majo
The Political Economy of U.S. Public Pension Plans and Their Unfunded Liabilities
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