The Political Economy of Public Pensions
Book Details
Format
Paperback / Softback
Book Series
Elements in Austrian Economics
ISBN-10
1009011626
ISBN-13
9781009011624
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 2nd, 2021
Print length
75 Pages
Weight
140 grams
Dimensions
15.10 x 22.80 x 0.90 cms
Product Classification:
Economics
Ksh 3,250.00
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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 crisis.
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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