Discounting state and local pension liabilities

American Economic Review

Volumn 99, Issue 2, 2009, Pages 538-542

  Brown, Jeffrey R ^b   Wilcox, David W ^a  

^a FEDERAL RESERVE BOARD   (United States)

^b UNIVERSITY OF ILLINOIS AT URBANA CHAMPAIGN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 73849147560     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.99.2.538     Document Type: Conference Paper

References (11)

1. Bulow, Jeremy. 1982. "What Are Corporate Pension Liabilities?" Quarterly Journal of Economics, 97(3): 435-52.
2. Gold, Jeremy, and Gordon Latter. Forthcoming. "The Case for Marking Public Plan Liabilities to Market." In The Future of Public Employee Retirement Systems, ed. Gary Anderson and Olivia S. Mitchell. Oxford: Oxford University Press.
3. Lait, Matt. 1995. "Popejoy Calls for 1, 040 Layoffs O.C. Social Services, Public Safety Hit Hardest." Los Angeles Times. March 8, A1, A14.
4. Lewin, David. 1977. Public Sector Labor Relations: Analysis and Readings. Lanham, MD: Lexington Books.
5. Lucas, Deborah, and Stephen P. Zeldes. 2006. "Valuing and Hedging Defined Benefit Pension Obligations-The Role of Stocks Revisited." http://www0.gsb.columbia.edu/whoswho/getpub.cfm?pub=2382.
6. Moore, Cynthia. 2000. Is Your Pension Protected? A Compilation of Constitutional Pension Protections for Public Educators. Washington, DC: American Association of Retired Persons.
7. Morrison & Foerster, LLP, and Greenebaum Doll & McDonald, PLLC. 2007. "Index by States." http://finance.ky.gov/NR/rdonlyres/275A2978- 5DDE-4138-A7F5-AF02D17D7F97/0/Statebystatememo10.Pdf.
8. Novy-Marx, Robert, and Joshua D. Rauh. 2008. "The Intergenerational Transfer of Public Pension Promises." National Bureau of Economic Research Working Paper 14343.
9. Ott, Attiat F., and Jang H. Yoo. 1975. New York City's Financial Crisis: Can the Trend Be Reversed? Washington, DC: American Enterprise Institute for Public Policy Research.
10. Peng, Jun. 2008. State and Local Pension Fund Management. Boca Raton, FL: CRC Press.
11. Wilcox, David W. 2006. "Reforming the Defined-Benefit Pension System." Brookings Papers on Economic Activity, (1): 235-85.