The Liabilities and Risks of State- Sponsored Pension Plans

By Robert Novy-Marx, Joshua D. Rauh. 2009

302 citations recorded by the source corpus.

Subfields: Accounting, Demography, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/32c39e18c24da51e87522dfc15e40d43d99507ef

Citations in the corpus

• Pension Fund Asset Allocation and Liability Discount Rates: Camouflage and Reckless Risk Taking by U.S. Public Plans? (2012, unknown): “Previous literature (see, for example, Brown and Wilcox, 2009; Novy-Marx and Rauh, 2009, 2011) has shown that regulation of U.S. public pension DB plans is relatively opaque and leaves wide discretion to their boards, setting them apart from e.g. Canadian and European public pension funds as well…”
• Monetary Science, Fiscal Alchemy ∗ (2010, unknown): “Novy-Marx and Rauh (2009) estimate that state public pensions are underfunded by $3.23 trillion, which compares to a total state debt in 2008 of under $1 trillion. Rauh (2010) projects that Illinois may run out of pension funds as early as”