A History of Public Sector Pensions in the United States

A History of Public Sector Pensions in the United States

Author: Robert L. Clark

Publisher: University of Pennsylvania Press

ISBN: 0812237145

Category: Business & Economics

Page: 280

View: 181

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From the Wharton School, offering a comprehensive assessment of the political and financial dimensions of public-sector pensions from the colonial period until the emergence of modern retirement plans in the twentieth century.

Rethinking Public Sector Compensation

Rethinking Public Sector Compensation

Author: Thom Reilly

Publisher: Routledge

ISBN: 9781317460855

Category: Political Science

Page: 224

View: 328

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Designed as a comprehensive overview of public sector compensation, the book addresses strategies for change, with the author warning that failure of the profession to address this issue will ultimately lead to citizens taking matters in their own hands. The author's issues-oriented approach addresses his core messagethat the escalation of public sector compensation is impacting the ability of government to meet its core responsibility and the failure of government to address this has serious consequences. Not just a critique, it presents context, analysis, and suggestions for reform.

The Oxford Handbook of American Economic History

The Oxford Handbook of American Economic History

Author: Edited by Louis P. Cain

Publisher: Oxford University Press

ISBN: 9780190937065

Category: Business & Economics

Page: 640

View: 168

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American economic history describes the transition of a handful of struggling settlements on the Atlantic seaboard into the nation with the most successful economy in the world today. As the economy has developed, so have the methods used by economic historians to analyze the process. Interest in economic history has sharply increased in recent years among the public, policy-makers, and in the academy. The current economic turmoil, calling forth comparisons with the Great Depression of the 1930s, is in part responsible for the surge in interest among the public and in policy circles. It has also stimulated greater scholarly research into past financial crises, the multiplier effects of fiscal and monetary policy, the dynamics of the housing market, and international economic cooperation and conflict. Other pressing policy issues--including the impending retirement of the Baby-Boom generation, the ongoing expansion of the healthcare sector, and the environmental challenges imposed by global climate change--have further increased demand for the long-run perspective given by economic history. Confronting this need, The Oxford Handbook of American Economic History affords access to the latest research on the crucial events, themes, and legacies of America's economic history--from colonial America, to the Civil War,up to present day. More than fifty contributors address topics as wide-ranging as immigration, agriculture, and urbanization. Over its two volumes, this handbook gives readers not only a comprhensive look at where the field of American economic history currently stands but where it is headed in the years to come.

State and Local Retirement Plans in the United States

State and Local Retirement Plans in the United States

Author: Robert L. Clark

Publisher: Edward Elgar Publishing

ISBN: 9780857930590

Category: Business & Economics

Page: 240

View: 122

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State and Local Retirement Plans in the United States explains how economic and political events have shaped the development of pension plans in the last century, and it argues that changes in the structure and generosity of these plans will continue to shape policy and funding in the future. It also brings to bear a new rationale to the policies behind public sector pension plans. The authors use the history of how early public pension plans were established, how they matured and how they have grown in generosity to analyze what changes may be expected in years to come. Unique in its scope, this comprehensive history of the development of public sector pension plans in the United States during the twentieth century expands upon current ideas relating to the changing economic environment, the passage and evolution of social security, and the expansion of the public sector. With the exception of military pension plans, which date from the eighteenth century, the first public sector plans, dating from the late nineteenth century, were established to cover teachers, police officers and fire fighters in large cities. Over time, these retirement plans were extended to other public sector workers and the local plans were often merged with plans for state workers; all of these date from the twentieth century. Here, the authors show just how pension coverage for public sector workers expanded steadily, through the first half of the twentieth century, so that by the 1960s the vast majority of public sector workers were covered by a plan. This analysis demonstrates how economic events and shifts in public policy at the federal, state, and local levels helped to shape public sector retirement plans. The authors also compare public plans with private sector plans, and the final chapter focuses on recent changes in public pensions in response to the 'Great Recession', concurrent sharp declines in equity markets and the aging of the public workforce.

Pensions in the Public Sector

Pensions in the Public Sector

Author: Wharton School. Pension Research Council

Publisher: University of Pennsylvania Press

ISBN: 0812235789

Category: Business & Economics

Page: 692

View: 436

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From the Pension Research Council of the Wharton School, this book explores the diversity of governmental pension plans and investigates how these financial institutions must change in years to come.

An Economic History of the United States

An Economic History of the United States

Author: Mark V. Siegler

Publisher: Springer

ISBN: 9781137393968

Category: Business & Economics

Page: 496

View: 784

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This pioneering textbook takes a thematic approach to the subject, resulting in a comprehensive understanding of historic economic issues in the United States. Siegler takes a thematic approach, and provides both the theoretical foundations and historical background needed to gain an in-depth understanding of the subject. Every chapter examines a specific topic, and the chapters are linked to each other to provide an overall view. The chronological approach is represented with a useful timeline as an appendix to show where the specific topics fit in the chronology. Chapter topics include: long-run causes of economic growth; economic history of income and wealth inequality; slavery, segregation, and discrimination; immigration and immigration policies; and an economic history of recessions and depressions. This book is ideally suited as a primary text for undergraduate courses in US economic history, as well as suitable courses on history degree programmes.

When States Go Broke

When States Go Broke

Author: Peter Conti-Brown

Publisher: Cambridge University Press

ISBN: 9781107023178

Category: Business & Economics

Page: 341

View: 543

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When States Go Broke discusses the ongoing fiscal crisis among the American states.

Retiree Health Plans in the Public Sector

Retiree Health Plans in the Public Sector

Author: Robert L. Clark

Publisher: Edward Elgar Publishing

ISBN: 9781849808132

Category: Political Science

Page: 190

View: 248

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While retiree health plans are a dying benefit in the private sector, all US states and many local governments extend health insurance coverage to their retired employees. This book is the first to thoroughly examine public sector health insurance plans. Retiree Health Plans in the Public Sector provides a detailed description of the current plans offered and compares how they vary across states. Health insurance is an important component of compensation in the public sector as it helps governments attract and retain quality workers and encourages timely retirement for career employees. Rapidly rising medical costs, an aging labor force, and an increasing number of retirees have dramatically increased the cost of providing this benefit. A central theme of this analysis is a presentation of the actuarial accrued liabilities, the unfunded liabilities and the annual required contribution of the employers based on the actuarial statements for retiree health plans. The authors alsoinvestigate why some states face major funding problems while the costs of other states? plans are much more manageable. Extensively researched and well-suited for classroom and professional use alike, academics in the fields of economics and public policy will find this an unmatched resource. So too will policymakers, economists, legislators, public sector union leaders and those invested in public sector healthcare.

Public Choice Analyses of American Economic History

Public Choice Analyses of American Economic History

Author: Joshua Hall

Publisher: Springer

ISBN: 9783319958194

Category: Business & Economics

Page: 178

View: 532

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This book - the second of two volumes- looks at episodes in American economic history from a public choice perspective. Each chapter discusses citizens, special interests, and government officials responding to economic incentives in both markets and politics. In doing so, the book provides fresh insights into important periods of American history, from the First Nationalist Movement of 1783 to the perpetual renewal of the Federal Reserve in 1927. This volume features the work of prominent economic historians such as Hugh Rockoff; well-known public choice scholars such as Joshua Hall and J.R. Clark; and younger scholars such as Marcus Witcher and Zachary Gocenour. This book will be useful for researchers and students interested in economics, history, political science, economic history, public choice, and political economy.

The Oxford Handbook of U.S. Social Policy

The Oxford Handbook of U.S. Social Policy

Author: Daniel Béland

Publisher: Oxford Handbooks

ISBN: 9780199838509

Category: History

Page: 689

View: 819

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This handbook provides a survey of the American welfare state. It offers an historical overview of U.S. social policy from the colonial era to the present, a discussion of available theoretical perspectives on it, an analysis of social programmes, and on overview of the U.S. welfare state's consequences for poverty, inequality, and citizenship.

Pension Ponzi

Pension Ponzi

Author: Bill Tufts

Publisher: John Wiley & Sons

ISBN: 9781118098738

Category: Business & Economics

Page: 218

View: 849

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The vast majority of Canadians are blissfully unaware that every man, woman and child in Canada now owes a $35,000 share of government debt and must pay this back, with interest! Make no mistake, this debt will change our country and affect every single Canadian in the decades to come. You may think you have planned for your retirement and are safe, but the government must find a way to recover this borrowed money, and they can only do that by raising your taxes and reducing your hard-earned benefits. How did this debt come about, and why can't we simply pay it off? Pension Ponzi lays the blame squarely at the feet of the politicians who refused to stand up to Canada's public sector unions. The fact is Canada's public sector, which accounts for 20% of the workforce, has been grossly overpaid relative to their counterparts in the private sector with cushy pensions paid for with your taxes and new debt. There is no denying that the country does not have the financial resources to ensure that the next generation of Canadians will have the same standard of living as the ones before it-or to support our growing seniors population. Meeting our public sector pension obligations will break the current social safety net that is a pillar of the Canadian way. Can you escape this bleak future? Can you afford to live longer? Nationally-recognized pension expert Bill Tufts and award-winning journalist Lee Fairbanks explore how this catastrophe came about and then suggest ways that government can fix what's broken, and how you as an individual can protect yourself from the financial calamity that is about to engulf Canada.

The Predictable Surprise

The Predictable Surprise

Author: Sylvester J. Schieber

Publisher: Oxford University Press

ISBN: 9780190240394

Category: Business & Economics

Page: 477

View: 746

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In "The Predictable Surprise", Sylvester J. Schieber shows that forewarnings of the coming retirement crisis have been apparent for decades, but we have never mustered the political will to address the problem. This book explains how we have gotten into the retirement predicament and where we can go from here.