By Susan M. Wachter
Underfunded pension liabilities threaten the economic balance of many towns. whereas Detroit's financial ruin has ruled the headlines, the matter is frequent. With ongoing battles in lots of localities, policymakers are more and more turning their awareness to the legacy concerns surrounding the investment of pensions. Public Pensions and town Solvency addresses this complicated monetary problem and provides techniques to accomplish monetary sustainability.
Writing in an instantaneous, readable type for a qualified in addition to an educational viewers, specialist individuals supply incisive analyses and sensible ways to navigating the financial morass within which many towns locate themselves. Richard Ravitch, former lieutenant governor of latest York, writes the Foreword and Robert P. Inman and Susan M. Wachter give you the end. The book's 3 chapters learn the problem from varied key views: Joshua D. Rauh, a number one pupil within the learn of unfunded pension liabilities, presents an economist's viewpoint; Amy B. Monahan, a well known authority in public worker advantages legislations, illuminates the felony framework; and D. Roderick Kiewiet and Mathew D. McCubbins, visionary political scientists, placed the obstacle and its monetary and felony implications into context and lay out the mandatory framework for reform.
The difficulties that come up from underfunded public pensions are just going to amplify. Public Pensions and town Solvency is a distinct source for decision-makers, policy-makers, and researchers and a well timed addition to the evolving debate over what constitutes sustainable solutions.
Contributors: Robert P. Inman, D. Roderick Kiewiet, Mathew D. McCubbins, Amy B. Monahan, Joshua D. Rauh, Richard Ravitch, Susan M. Wachter.
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Public Pensions and City Solvency (The City in the Twenty-First Century) by Susan M. Wachter