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Journal of Pension Economics and Finance: State and Local Pension Plan Economics and Finance

APRIL 2011

The April 2011 issue of the Journal of Pension Economics and Finance explores state and local pension plan economics and finance.

From the introduction:

"Hardly a day goes by without a major story on the rising cost and soaring unfunded liabilities of state and local pension plans. By many accounts the financial demands of paying public employee pensions threatens the ability of governments to adequately fund other priorities including essential public services. The primary aim of this special issue is to provide greater understanding of the problems facing public retirement plans and to highlight important questions for future research on the economics of public pension systems."

Authors include Henning Bohn, Jeffrey Brown, Robert Clark, Leora Friedberg, David Laibson, Brigitte Madrian, Alicia Munnell, Robert Novy-Marx, George Pennachi, Joshua Rauh, Sylvester Schieber, among others.

Topics covered include the pros and cons of public pension funding, defined benefit plan investments, the political economy of public plans, retiree health insurance plans, behavioral economics, labor market implications of public pensions, and policy options for state pension systems.

For more information, see The Journal's website.