The Political Economy of Public Pensions

The Political Economy of Public Pensions
Author :
Publisher : Cambridge University Press
Total Pages : 128
Release :
ISBN-10 : 9781009027021
ISBN-13 : 1009027026
Rating : 4/5 (026 Downloads)

Book Synopsis The Political Economy of Public Pensions by : Eileen Norcross

Download or read book The Political Economy of Public Pensions written by Eileen Norcross and published by Cambridge University Press. This book was released on 2021-09-02 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


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