The Political Economy of Public Pensions

by Daniel J Smith and Eileen Norcross

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...

• Format: Paperback
• Language: English
• ISBN: 1009011626
• ISBN13: 9781009011624
• Release Date: September 2021
• Publisher: Cambridge University Press
• Length: 75 Pages
• Weight: 0.28 lbs.
• Dimensions: 0.2" x 6.0" x 9.0"