Faithin Omaha eBook Collection

This paper analyzes the determinants of underfunding of local government's pension funds using a politico-economic overlapping generations model. We show that a

This paper analyzes the determinants of underfunding of local government's pension funds using a politico-economic overlapping generations model. We show that a

Public 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 wil