Public Pension Promises: How Big are They and What are They Worth?

By Robert Novy-Marx, Joshua D. Rauh. 2011

388 citations recorded by the source corpus.

Subfields: Accounting, Demography, General Health Professions

View Paper: https://www.semanticscholar.org/paper/fc775c353d3e37bd6d0404758682198f9ada76b0

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In Accounting

1. Suleyman Basak
2. Anna Pavlova

In Demography

1. Suleyman Basak
2. Anna Pavlova

Citations in the corpus

• Asset Prices and Institutional Investors (2013, background): “14 trillion in the US as of June 2009 according to official figures and significantly more according to Novy-Marx and Rauh (2011)).”
• Pension Fund Asset Allocation and Liability Discount Rates: Camouflage and Reckless Risk Taking by U.S. Public Plans? (2012, neutral): “Brown and Wilcox (2009) and Novy-Marx and Rauh (2011) argue that liability discount rates should be based on the nominal (or real, if inflation protection is offered) Treasury yields, municipal interest rates, or swap rates.19 Consistent with their typical regulation, we find that discount rates…”