Discounting State and Local Pension Liabilities
Author
Suggested Citation
Note: DOI: 10.1257/aer.99.2.538
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Jeremy I. Bulow, 1982. "What are Corporate Pension Liabilities?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 97(3), pages 435-452.
- David W. Wilcox, 2006. "Reforming the Defined-Benefit Pension System," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 37(1), pages 235-304.
- Robert Novy-Marx & Joshua D. Rauh, 2008. "The Intergenerational Transfer of Public Pension Promises," NBER Working Papers 14343, National Bureau of Economic Research, Inc.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- David G. Lenze, 2009. "Accrual Measures of Pension-Related Compensation and Wealth of State and Local Government Workers," BEA Working Papers 0054, Bureau of Economic Analysis.
- Love, David & Smith, Paul A. & Wilcox, David, 2007.
"Why Do Firms Offer Risky Defined–Benefit Pension Plans?,"
National Tax Journal, National Tax Association;National Tax Journal, vol. 60(3), pages 507-519, September.
- David Love & Paul Smith & David Wilcox, 2007. "Why Do Firms Offer Risky Defined Benefit Pension Plans?," Department of Economics Working Papers 2007-04, Department of Economics, Williams College.
- David A. Love & Paul A. Smith & David W. Wilcox, 2007. "Why do firms offer risky defined benefit pension plans?," Finance and Economics Discussion Series 2007-36, Board of Governors of the Federal Reserve System (U.S.).
- Jeffrey R. Brown, 2008.
"Guaranteed Trouble: The Economic Effects of the Pension Benefit Guaranty Corporation,"
Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 177-198, Winter.
- Jeffrey R. Brown, 2007. "Guaranteed Trouble: The Economic Effects of the Pension Benefit Guaranty Corporation," NBER Working Papers 13438, National Bureau of Economic Research, Inc.
- Thomas Crossley & Mario Jametti, 2013.
"Pension Benefit Insurance and Pension Plan Portfolio Choice,"
The Review of Economics and Statistics, MIT Press, vol. 95(1), pages 337-341, March.
- Thomas Crossley & Mario Jametti, 2008. "Pension Benefit Insurance and Pension Plan Portfolio Choice," Quaderni della facoltà di Scienze economiche dell'Università di Lugano 0809, USI Università della Svizzera italiana.
- Thomas Crossley & Mario Jametti, 2008. "Pension Benefit Insurance and Pension Plan Portfolio Choice," Quantitative Studies in Economics and Population Research Reports 428, McMaster University.
- Thomas Crossley & Mario Jametti, 2008. "Pension Benefit Insurance and Pension Plan Portfolio Choice," Social and Economic Dimensions of an Aging Population Research Papers 237, McMaster University.
- Thomas Crossley & Mario Jametti, 2008. "Pension Benefit Insurance and Pension Plan Portfolio Choice," Working Papers 2008_05, York University, Department of Economics.
- Thomas Crossley & Mario Jametti, 2008. "Pension Benefit Insurance and Pension Plan Portfolio Choice," CESifo Working Paper Series 2498, CESifo.
- Robert Novy-Marx & Joshua D. Rauh, 2012. "Linking Benefits to Investment Performance in US Public Pension Systems," NBER Working Papers 18491, National Bureau of Economic Research, Inc.
- Gérard Cornilleau & Catherine Mathieu & Henri Sterdyniak & Vincent Touzé, 2010.
"Les réformes des retraites en Europe dans la crise,"
Documents de Travail de l'OFCE
2010-17, Observatoire Francais des Conjonctures Economiques (OFCE).
- Gerard Cornilleau & Catherine Mathieu & Henri Sterdyniak & Vincent Touzé, 2010. "Les réformes des retraites en Europe dans la crise," Working Papers hal-01069432, HAL.
- Gerard Cornilleau & Catherine Mathieu & Henri Sterdyniak & Vincent Touzé, 2010. "Les réformes des retraites en Europe dans la crise," SciencePo Working papers Main hal-01069432, HAL.
- Vincent Touzé, 2011.
"Le financement des retraites aux États-Unis,"
Post-Print
hal-03461438, HAL.
- Vincent Touzé, 2011. "Le financement des retraites aux États-Unis," SciencePo Working papers Main hal-03461438, HAL.
- Ann McDermed & Robert L. Clark & Steven G. Allen, 1989.
"Pension Wealth, Age-Wealth Profiles, and the Distribution of Net Worth,"
NBER Chapters, in: The Measurement of Saving, Investment, and Wealth, pages 689-736,
National Bureau of Economic Research, Inc.
- Ann A. McDermed & Robert L. Clark & Steven G. Allen, 1987. "Pension Wealth, Age-Wealth Profiles and the Distribution of Net Worth," NBER Working Papers 2439, National Bureau of Economic Research, Inc.
- Rauh, Joshua D. & Stefanescu, Irina & Zeldes, Stephen P., 2020. "Cost saving and the freezing of corporate pension plans," Journal of Public Economics, Elsevier, vol. 188(C).
- Hardy Hulley & Rebecca Mckibbin & Andreas Pedersen & Susan Thorp, 2013.
"Means-Tested Public Pensions, Portfolio Choice and Decumulation in Retirement,"
The Economic Record, The Economic Society of Australia, vol. 89(284), pages 31-51, March.
- Susan Thorp & Hardy Hulley & Rebecca McKibbin & Andreas Pedersen, 2009. "Means-tested income support, portfolio choice and decumulation in retirement," CAMA Working Papers 2009-12, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Susan Thorp & Hardy Hulley & Rebecca McKibbin & Andreas Pedersen, 2009. "Means-Tested Income Support, Portfolio Choice and Decumulation in Retirement," Research Paper Series 248, Quantitative Finance Research Centre, University of Technology, Sydney.
- Jeremy I. Bulow & Myron S. Scholes, 1983.
"Who Owns the Assets in a Defined-Benefit Pension Plan?,"
NBER Chapters, in: Financial Aspects of the United States Pension System, pages 17-36,
National Bureau of Economic Research, Inc.
- Jeremy I. Bulow & Myron S. Scholes, 1982. "Who Owns the Assets in a Defined Benefit Pension Plan," NBER Working Papers 0924, National Bureau of Economic Research, Inc.
- Qian, Linyi & Shen, Yang & Wang, Wei & Yang, Zhixin, 2019. "Valuation of risk-based premium of DB pension plan with terminations," Insurance: Mathematics and Economics, Elsevier, vol. 86(C), pages 51-63.
- José Luis Iparraguirre, 2020.
"Economics and Ageing,"
Springer Books,
Springer, number 978-3-030-29019-1, December.
- José Luis Iparraguirre, 2018. "Economics and Ageing," Springer Books, Springer, number 978-3-319-93357-3, December.
- José Luis Iparraguirre, 2018. "Economics and Ageing," Springer Books, Springer, number 978-3-319-93248-4, December.
- José Luis Iparraguirre, 2019. "Economics and Ageing," Springer Books, Springer, number 978-3-030-29013-9, December.
- Móricz, Dániel, 2004. "Vállalati szolgáltatási nyugdíjprogramok optimális befektetési politikája és fedezettségi szintje az Egyesült Államokban [Optimal investment and funding policy of US defined-benefit pension plans]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1113-1131.
- Alan Marcus, 1987.
"Corporate Pension Policy and the Value of PBGC Insurance,"
NBER Chapters, in: Issues in Pension Economics, pages 49-80,
National Bureau of Economic Research, Inc.
- Alan J. Marcus, 1983. "Corporate Pension Policy and the Value of PBGC Insurance," NBER Working Papers 1217, National Bureau of Economic Research, Inc.
- Cory Koedel & Shawn Ni & Michael Podgursky, 2014.
"Who Benefits from Pension Enhancements?,"
Education Finance and Policy, MIT Press, vol. 9(2), pages 165-192, March.
- Cory Koedel & Shawn Ni & Michael Podgursky, 2012. "Who Benefits from Pension Enhancements?," Working Papers 1207, Department of Economics, University of Missouri, revised 08 Jun 2012.
- Jeremy I. Bulow & Randall Morck & Lawrence H. Summers, 1987.
"How Does the Market Value Unfunded Pension Liabilities?,"
NBER Chapters, in: Issues in Pension Economics, pages 81-110,
National Bureau of Economic Research, Inc.
- Jeremy I. Bulow & Randall Morck & Lawrence H. Summers, 1985. "How Does the Market Value Unfunded Pension Liabilities?," NBER Working Papers 1602, National Bureau of Economic Research, Inc.
- repec:spo:wpecon:info:hdl:2441/5l6uh8ogmqildh09h8492c58l is not listed on IDEAS
- Luca Benzoni & Olena Chyruk, 2009. "Investing over the life cycle with long-run labor income risk," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 33(Q III), pages 29-43.
- Bodie, Zvi, 1990.
"Pensions as Retirement Income Insurance,"
Journal of Economic Literature, American Economic Association, vol. 28(1), pages 28-49, March.
- Zvi Bodie, 1989. "Pensions as Retirement Income Insurance," NBER Working Papers 2917, National Bureau of Economic Research, Inc.
- repec:hal:wpspec:info:hdl:2441/5l6uh8ogmqildh09h8492c58l is not listed on IDEAS
- Dirk Broeders, 2010. "Valuation of Contingent Pension Liabilities and Guarantees Under Sponsor Default Risk," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 77(4), pages 911-934, December.
More about this item
JEL classification:
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing
- H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:aecrev:v:99:y:2009:i:2:p:538-42. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.