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English
Cambridge University Press
02 September 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.

By:   ,
Imprint:   Cambridge University Press
Country of Publication:   United Kingdom
Dimensions:   Height: 228mm,  Width: 152mm,  Spine: 5mm
Weight:   144g
ISBN:   9781009011624
ISBN 10:   1009011626
Series:   Elements in Austrian Economics
Pages:   75
Publication Date:  
Audience:   College/higher education ,  Primary
Format:   Paperback
Publisher's Status:   Active
1. Introduction; 2. Fiscal Illusion; 3. Governance; 4. Pension Accounting and Reporting; 5. Restoring Fiscal Accountability; 6. Conclusion.

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