The Political Economy of Public Pensions
Seiten
2021
Cambridge University Press (Verlag)
978-1-009-01162-4 (ISBN)
Cambridge University Press (Verlag)
978-1-009-01162-4 (ISBN)
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.
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.
1. Introduction; 2. Fiscal Illusion; 3. Governance; 4. Pension Accounting and Reporting; 5. Restoring Fiscal Accountability; 6. Conclusion.
| Erscheinungsdatum | 23.08.2021 |
|---|---|
| Reihe/Serie | Elements in Austrian Economics |
| Zusatzinfo | Worked examples or Exercises |
| Verlagsort | Cambridge |
| Sprache | englisch |
| Maße | 152 x 228 mm |
| Gewicht | 144 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| Wirtschaft ► Volkswirtschaftslehre | |
| ISBN-10 | 1-009-01162-6 / 1009011626 |
| ISBN-13 | 978-1-009-01162-4 / 9781009011624 |
| Zustand | Neuware |
| Haben Sie eine Frage zum Produkt? |
Mehr entdecken
aus dem Bereich
aus dem Bereich
Allgemeines Steuerrecht, Abgabenordnung, Umsatzsteuer
Buch (2024)
Springer Gabler (Verlag)
CHF 39,20
Grundlagen, Beispiele, Übungsaufgaben mit Musterlösungen
Buch | Softcover (2024)
Vahlen (Verlag)
CHF 34,85
