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State and Local Pensions
In the wake of the financial crisis and Great Recession, the health of state and local pension plans has emerged as a front burner policy issue. Elected officials, academic experts, and the media alike have pointed to funding shortfalls with alarm, expressing concern that pension promises are unsustainable or will squeeze out other pressing government priorities. A few local governments have even filed for bankruptcy, with pensions cited as a major cause. Alicia H. Munnell draws on both her practical experience and her research to provide a broad perspective on the challenge of state and local pensions. She shows that the story is big and complicated and cannot be viewed through a narrow pri...
Are "Deep" Parameters Stable?
Shows that some forward-looking models from the recent literature may be less stable than their better-fitting backward-looking counterparts.
The Economics of Private Pensions
This book, part of the Studies in Social Economics series, examines old age pensions in the United States. Alicia H. Munnell explores the factors that have influenced the growth of private pension plans.
Redlining in Boston
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