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OverviewPublic 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. Full Product DetailsAuthor: Eileen Norcross (George Mason University, Virginia) , Daniel J. Smith (Middle Tennessee State University)Publisher: Cambridge University Press Imprint: Cambridge University Press Dimensions: Width: 15.20cm , Height: 0.50cm , Length: 22.80cm Weight: 0.144kg ISBN: 9781009011624ISBN 10: 1009011626 Pages: 75 Publication Date: 02 September 2021 Audience: College/higher education , Tertiary & Higher Education Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of Contents1. Introduction; 2. Fiscal Illusion; 3. Governance; 4. Pension Accounting and Reporting; 5. Restoring Fiscal Accountability; 6. Conclusion.ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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