Public funds and private capital markets: The investment practices and performance of state and local pension funds

National Tax Journal

Volumn 56, Issue 3, 2003, Pages 579-594

  Coronado, Julia L ^a   Engen, Eric M ^b   Knight, Brian ^c  

^a FEDERAL RESERVE BOARD   (United States)

^b AMERICAN ENTERPRISE INSTITUTE   (United States)

^c BROWN UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 2942733524     PISSN: 00280283     EISSN: None     Source Type: Journal    
DOI: 10.17310/ntj.2003.3.09     Document Type: Conference Paper

References (12)

1. Board of Governors of the Federal Reserve System. Flow of Funds Accounts of the United States. Washington, D.C., First Quarter, 2003.
2. Geanakoplos, John, Olivia Mitchell, and Stephen Zeldes. "Social Security's Money's Worth." In Prospects for Social Security Reform, 79-151. Philadelphia: University of Pennsylvania Press, 1999.
3. Greenspan, Alan. "On Investing the Social Security Trust Fund in Equities." Testimony before the Subcommittee on Finance and Hazardous Materials, Committee on Commerce, US House of Representatives, March, 1999.
4. Iglesias, Augusto, and Robert J. Palacios. "Managing Public Pension Reserves: Evidence from the International Experience." Social Protection Discussion Paper Series No. 3. Washington, D.C.: The World Bank, January 2000.
5. Mitchell, Olivia, and Ping-Lung Hsin. "Public Pension Governance and Performance." In The Economics of Pensions: Principles, Policies, and International Experience, edited by S. Valdes-Prieto, 92-123, Cambridge, MA: Cambridge University Press, 1997.
6. Munnell, Alicia. "The Pitfalls of Social Investing: The Case of Public Pensions and Housing." New England Economic Review (September/October, 1983): 20-40.
7. Munnell, Alicia, and Annika Sunden. "Investment Practices of State and Local Pension Funds: Implications for Social Security Reform." In Pensions in the Public Sector, edited by Olivia S. Mitchell. 2001.
8. Nofsinger, John. "Why Targeted Investing Does Not Make Sense." Financial Management 27 No. 3 (Autumn, 1998): 87-96.
9. Romano, Roberta. "Public Pension Fund Activism in Corporate Governance Reconsidered." Columbia Law Review 93 No. 4 (May, 1993): 795-853.
10. United States Department of Labor. Pension and Welfare Benefits Administration. Abstract of 1998 Form 5500 Annual Reports, Private Pension Plan Bulletin No. 11. Winter 2000-2001, Washington, D.C.
11. Wilshire Associates. "Private Versus Public Pension Fund Investment Performance." Santa Monica, CA, February 1999.
12. Zorn, Paul. "Survey of State and Local Government Employee Retirement Systems." Chicago, IL: Public Pension Coordinating Council, 1994, 1996, 1997.