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The Political Economy of Public Pensions: Elements in Austrian Economics

Autor Eileen Norcross, Daniel J. Smith
en Limba Engleză Paperback – sep 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.
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Specificații

ISBN-13: 9781009011624
ISBN-10: 1009011626
Pagini: 75
Dimensiuni: 152 x 228 x 5 mm
Greutate: 0.13 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Seria Elements in Austrian Economics

Locul publicării:Cambridge, United Kingdom

Cuprins

1. Introduction; 2. Fiscal Illusion; 3. Governance; 4. Pension Accounting and Reporting; 5. Restoring Fiscal Accountability; 6. Conclusion.

Descriere

This Element examines the development of the pension crisis through the lens of political economy.