Bibliography

2013

  1. Beath, A., & MacIntosh, J. (2013). Risk-Management Practices at Large Pension Plans: Findings from a Unique 27-Fund Survey. Rotman International Journal of Pension Management, 6(1), 38-44.
  2. Clark, G. L. (2013). The Kay Review on Long-Horizon Investing: A Guide for the Perplexe 1. Rotman International Journal of Pension Management, 6(1), 58-63.
  3. Cui, J., Oldenkamp, B., & Vellekoop, M. (2013). When Do Derivatives Add Value in Pension Fund Asset Allocation?. Rotman International Journal of Pension Management, 6(1), 46-57.

2012

  1. Kiff, J., Kisser, M., Soto, M., & Oppers, M. S. E. (2012). The Impact of Longevity Improvements on US Corporate Defined Benefit Pension Plans (No. 12-170). Andrews McMeel Publishing.
  2. Katz, L. F., & Krueger, A. B. (2012). Changes in the Structure of Wages in the Public and Private Sectors (Vol. 35, pp. 721-756). Emerald Group Publishing Limited.
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  5. Snell, R. (2012, March). State Pension Reform, 2009-2011. In Washington, DC: National Conference of State Legislatures.

2011

  1. Apte, V., & McFarland, B. (2011). DB Versus DC Plan Investment Returns: The 2008-2009 Update. Towers Watson Insider, 21(4), 1-6.
  2. Bonafede, J. K., Foresti, S. J., & Walker, R. J. (2011). 2011 Wilshire Report on State Retirement Systems: Funding Levels and Asset Allocation. Wilshire Consulting, 14.
  3. Novy-Marx, R., & Rauh, J. (2011). Public pension promises: how big are they and what are they worth?. The Journal of Finance, 66(4), 1211-1249.

2010

  1. Dicken, J. E. (2010). State and Local Government Retiree Health Benefits: Liabilities Are Largely Unfunded, but Some Governments Are Taking Action. DIANE Publishing.
  2. Hill, T., Pang, G., & Warshawsky, M. (2010). Hybrid pension plans: a comprehensive look at their history, economics and features. Towers Watson Perspectives Report.
  3. Rauh, J. D. (2010). Are state public pensions sustainable? Why the federal government should worry about state pension liabilities. National Tax Journal, 63(3), 585-602.

2009

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  2. Brown, J. R., & Weisbenner, S. J. (2009). Who Chooses Defined Contribution Plans?. In Social Security Policy in a Changing Environment (pp. 131-161). University of Chicago Press.
  3. Novy-Marx, R., & Rauh, J. D. (2009). The liabilities and risks of state-sponsored pension plans. The Journal of Economic Perspectives, 191-210.
  4. Rauh, J. D. (2009, December). Are State Public Pensions Sustainable?. In Train Wreck: A Conference on America’s Looming Fiscal Crisis,” sponsored by the Urban-Br

2008

  1. Almeida, B., & Fornia, W. B. (2008). a Better Bang for the Buck: the economic efficiencies of defined Benefit pension plans. National Institute on Retirement Security.
  2. Gold, J., & Latter, G. (2008). The case for marking public plan liabilities to market. Pension Research Council, the Wharton School, University of Pennsylvania.
  3. Novy-Marx, R., & Rauh, J. D. (2008). The intergenerational transfer of public pension promises (No. w14343). National Bureau of Economic Research.

2007

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  4. Giertz, J. F., & Papke, L. E. (2007). Public pension plans: Myths and realities for state budgets. National Tax Journal, 305-323.
  5. Keating, E. K., & Berman, E. S. (2007). Unfunded public employee health care benefits and GASB No. 45. Accounting Horizons, 21(3), 245-263.
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  9. Zion, D., & Varshney, A. (2007). You dropped a bomb on me, GASB. Credit Suisse Americas/United States Equity Research Accounting and Tax.

2006

  1. Boyd, D. (2006). 2006 Rockefeller Institute Reports on State and Local Government Finances.
  2. McCourt, S. P. (2006). Defined benefit and defined contribution plans: A history, market overview and comparative analysis. Benefits and Compensation Digest, 43(2), 1-7.
  3. McNichol, E. (2006). Revisiting state tax preferences for seniors. Washington, DC: Center on Budget and Policy Priorities.
  4. Munnell, A. H., Soto, M., Libby, J., & Prinzivalli, J. (2006). Investment Returns: Defined Benefit vs. 401 (k) Plans. Center for Retirement Research, (52).
  5. Kilgour, J. G. (2006). Public Sector Pension Plans: Defined Benefit Versus Defined Contribution. Compensation & Benefits Review, 38(1), 20-28.
  6. Wiles, G. (2006). Why Are There Any Public Defined Contribution Plans?. Undergraduate Thesis. Chestnut Hill, MA: Boston College.
  7. Worldwide, W. W. (2006). Survey of Actuarial Assumptions and Funding: Pension Plans with 1,000 or More Participants, 1986-2006. Washington, DC.
  8. Young, P., Prunty, R., & Cutler, B. (2006). Rising US State Unfunded Pension Liabilities Are Causing Budgetary Stress. Standard & Poor’s.

2005

  1. Doyle, C. A. (2005). Governance and Pensions: Essays on the Investment Practices and Funding Levels of State and Local Public Pension Plans.
  2. Farber, H. S. (2005). Union membership in the United States: The divergence between the public and private sectors.
  3. Hess, D. (2005). Protecting and politicizing public pension fund assets: empirical evidence on the effects of governance structures and practices. UC Davis L. Rev., 39, 187.
  4. Munnell, A. H., & Sundén, A. (2005). Social Investing: Pension Plans Should Just Say ‘No’. Pension Fund Politics: The Dangers of Socially Responsible Investing, Washington, DC: American Enterprise Institute, 20.
  5. Passantino, G. M., & Summers, A. B. (2005). The gathering pension storm: How government pension plans are breaking the bank and strategies for reform. Reason Public Policy Institute.
  6. Poterba, J. M., Rauh, J., & Venti, S. F. (2005). Utility evaluation of risk in retirement saving accounts. In Analyses in the Economics of Aging (pp. 13-58). University of Chicago Press.
  7. Ruthen, S. (2005). Defined benefit pension plans’ interest rate exposure at record high. PIMCO Bonds Publication (February). www. pimco. com/LeftNav/Viewpoints/2005/Pension+ Plan+ Rate+ Exposure+ Feb05. htm.
  8. Schneider, M. (2005). The Status of US Public Pension Plans A Review With Policy Considerations. Review of Public Personnel Administration, 25(2), 107-137.
  9. Yang, T. (2005). Essays in pension plan investment and choices.
  10. Yang, T., & Mitchell, O. S. (2005). Public pension governance, funding, and performance: a longitudinal appraisal. Pension Research Council, The Wharton School, University of Pennsylvania.

2004

  1. Anderson, G. W., & Brainard, K. (2004). Profitable prudence: The case for public employer defined benefit plans. Pension Research Council, Wharton School, University of Pennsylvania.
  2. Bateman, H., & Mitchell, O. S. (2004). New evidence on pension plan design and administrative expenses: the Australian experience. Journal of Pension Economics and Finance, 3(01), 63-76.
  3. Bosworth, B., & Burtless, G. (2004). Pension reform and saving. National Tax Journal, 703-727.
  4. Eaton, T. V., & Nofsinger, J. R. (2004). The effect of financial constraints and political pressure on the management of public pension plans. Journal of Accounting and Public Policy, 23(3), 161-189.
  5. Fore, D. (2004). Changes in accounting practices will drive pension paradigm shift. The Wharton School of the University of Pennsylvania, Pension Research Council Working Paper, (2004-8).
  6. Papke, L. E. (2004). Pension plan choice in the public sector: The case of Michigan state employees. National Tax Journal, 329-339.
  7. Peng, J. (2004). Public pension funds and operating budgets: a tale of three states. Public Budgeting & Finance, 24(2), 59-73.
  8. Wisniewski, S., & Wisniewski, L. (2004). State Government Retiree Health Benefits: Current Status and Potential Impact of New Accounting Standards. AARP, Public Policy Institute.

2003

  1. Bader, L. N., & Gold, J. (2003, January). Reinventing pension actuarial science. In Pension Forum (Vol. 15, No. 1, pp. 1-13).
  2. Chaney, B. A., Copley, P. A., & Stone, M. S. (2003). The effect of fiscal stress and balanced budget requirements on the funding and measurement of state pension obligations. Journal of Accounting and Public Policy, 21(4), 287-313.
  3. Coronado, J. L., Engen, E. M., & Knight, B. (2003). Public funds and private capital markets: the investment practices and performance of state and local pension funds. National Tax Journal, 579-594.
  4. Gold, J. (2003). Risk transfer in public pension plans. The pension challenge: Risk transfers and retirement income security, 102-116.
  5. Giertz, J. F. (2003). The impact of pension funding on state government finances. State Tax Notes, 29(7), 507-513.
  6. Hess, D., & Impavido, G. (2003). Governance of public pension funds: lessons from corporate governance and international evidence (Vol. 3110). World Bank Publications.
  7. Ilkiw, J. (2003, May). Investment Policies, Processes and Problems in US Public Sector Pension Plans: Some Observations and Solutions from a Practitioner. In Conference on Public Pension Fund Management, World Bank, Washington DC.
  8. Lachance, M. E., Mitchell, O. S., & Smetters, K. (2003). Guaranteeing defined contribution pensions: the option to buy back a defined benefit promise. Journal of Risk and Insurance, 70(1), 1-16.
  9. Mason, J. D. (2003). Reversal of Fortune: The Rising Cost of Public Sector Pensions and Other Post-Employment Benefits. Fitch Ratings Special Report.
  10. Nesbitt, S. L. (2003). 2003 Wilshire Report on State Retirement Systems: Funding Levels and Asset Allocation. Wilshire Associates Incorporated.

2002

  1. Guercio, D. D., & Tkac, P. A. (2002). The determinants of the flow of funds of managed portfolios: Mutual funds vs. pension funds. Journal of Financial and Quantitative Analysis, 37(04), 523-557.
  2. Palacios, R. (2002). Managing public pension reserves. Part II: Lessons from Five Recent OECD Initiatives, World Bank.
  3. Schneider, M., & Damanpour, F. (2002). Public Choice Economics and Public Pension Plan Funding An Empirical Test. Administration & Society, 34(1), 57-86.
  4. Smetters, K. (2002). Controlling the cost of minimum benefit guarantees in public pension conversions. Journal Of Pensions Economics & Finance, 1(01), 9-33.

2001

  1. Ambachtseer, K. P. (2001, September). A Framework for Public Pension Fund Management. In World Bank Public Pension Fund Management conference, www. worldbank. org/finance.
  2. Eaton, T. V., & Nofsinger, J. R. (2001). An examination of ERR and asset allocation in public pension plans. Financial Accountability & Management, 17(2), 119-132.
  3. Gold, J. (2001). Assumed rates of discount for valuations of publicly sponsored defined benefit plans. Pension Research Council, the Wharton School, University of Pennsylvania.
  4. Rajnes, D. (2001). State and local retirement plans: innovation and renovation. EBRI issue brief/Employee Benefit Research Institute, (235), 1-35.

2000

  1. Consultants, B. (2000). Benefit Review Study of the Nebraska Retirement Systems. Denver CO: Buck Consultants.
  2. Greenberg, S., & Muth, S. (2000). House Committee On Pensions And Investments Texas House Of Representatives Interim Report 2000.
  3. Munnell, A. H. (2000). The Impact of Mandatory Social Security Coverage of State and Local Workers: A Multi-State Review. American Association of Retired Persons, Public Policy Institute.
  4. Sarney, M. A. (2000). State and local pension plans’ equity holdings and returns. Soc. Sec. Bull., 63, 12.
  5. Useem, M., & Mitchell, O. S. (2000). Holders of the purse strings: governance and performance of public retirement systems. SOCIAL SCIENCE QUARTERLY-AUSTIN-, 81(2), 489-506.

1999

  1. Asthana, S. (1999). Determinants of Funding Strategies and Actuarial Choices for Defined-Benefit Pension Plans. Contemporary Accounting Research, 16(1), 39-74.
  2. Clark, R. L. (1999). Faculty choice of a pension plan: Defined benefit versus defined contribution. Industrial Relations: A Journal of Economy and Society, 38(1), 18-45.
  3. D’Arcy, S. P., Dulebohn, J. H., & Oh, P. (1999). Optimal funding of state employee pension systems. Journal of Risk and Insurance, 345-380.

1998

  1. Amir, E., & Benartzi, S. (1998). The expected rate of return on pension funds and asset allocation as predictors of portfolio performance. Accounting Review, 335-352.
  2. Carroll, T. J., & Niehaus, G. (1998). Pension plan funding and corporate debt ratings. Journal of risk and insurance, 427-443.
  3. Hustead, E. (1998). Qualified pension plans and the regulatory environment. Benefits Quarterly, 14, 29-35.

1997

  1. Johnson, R. W. (1997). Pension underfunding and liberal retirement benefits among state and local government workers. National Tax Journal, 113-142.

1996

  1. Bohn, H., & Inman, R. P. (1996, December). Balanced-budget rules and public deficits: evidence from the US states. In Carnegie-Rochester Conference Series on Public Policy (Vol. 45, pp. 13-76). North-Holland.
  2. Fiorito, J., Stepina, L. P., & Bozeman, D. P. (1996). Explaining the unionism gap: Public-private sector differences in preferences for unionization. Journal of Labor Research, 17(3), 463-478.
  3. Poterba, J. M. (1996). Budget institutions and fiscal policy in the US states (No. w5449). National Bureau of Economic Research.

1995

  1. Dulebohn, J. H. (1995). A longitudinal and comparative analysis of the funded status of state and local public pension plans. Public Budgeting & Finance, 15(2), 52-72.
  2. Mitchell, O. S., & Carr, R. (1995). State and local pension plans (No. w5271). National bureau of economic research.
  3. Poterba, J. M. (1995). Balanced budget rules and fiscal policy: Evidence from the states. National Tax Journal, 329-336.
  4. Poterba, J. M. (1995). State Responses to Fiscal Crisis: The Effects of Budgetary Institutionsand Politics (No. w4375). National Bureau of Economic Research.

1994

  1. Elebash, C. C. (1994). Public pensions show little interest in bond indexing. Benefits Quarterly, First Quarter, 10(1), 56-63.
  2. Gale, W. G. (1994). Public Policies and private pension contributions. Journal of money, credit and banking, 710-732.
  3. Mitchell, O. S., & Hsin, P. L. (1994). Public sector pension governance and performance (No. w4632). National Bureau of Economic Research.
  4. Murphy, K. J., & Van Nuys, K. (1994). Governance, behavior, and performance of state and corporate pension funds. Simon School of Business Working Paper.

1993

  1. Braden, B. R., & Hyland, S. L. (1993). Cost of employee compensation in public and private sectors. Monthly Labor Review, 14-21.
  2. Coggin, T. D., Fabozzi, F. J., & Rahman, S. (1993). The investment performance of US equity pension fund managers: An empirical investigation. The Journal of Finance, 48(3), 1039-1055.
  3. Romano, R. (1993). Public pension fund activism in corporate governance reconsidered. Columbia Law Review, 795-853.

1992

  1. Leigland, J. (1992). Socioeconomic Investment Practices of State Pension Funds: The Results of a National Survey. Public Budgeting & Finance, 12(2), 48-58.

1991

  1. Mitchell, O. S., & Smith, R. S. (1991). Pension funding in the public sector (No. w3898). National Bureau of Economic Research.

1990

  1. Moulton, B. R. (1990). A reexamination of the federal-private wage differential in the United States. Journal of Labor Economics, 270-293.

1988

  1. Krueger, A. B. (1988). Are public sector workers paid more than their alternative wage? Evidence from longitudinal data and job queues. In When public sector workers unionize (pp. 217-242). University of Chicago Press.

1987

  1. Ehrenberg, R. G., & Schwarz, J. L. (1987). Public sector labor markets.
  2. Ehrenberg, R. G., & Smith, R. (1987). Comparable worth in the public sector.
  3. Freeman, R. B. (1987). How do public sector wages and employment respond to economic conditions?. In Public sector payrolls (pp. 183-216). University of Chicago Press.
  4. Ippolito, R. A., & Turner, J. A. (1987). Turnover, fees and pension plan performance. Financial Analysts Journal, 16-26.
  5. Maher, J. J. (1987). Pension obligations and the bond credit market: An empirical analysis of accounting numbers. Accounting Review, 785-798.
  6. Venti, S. F. (1987). Wages in the federal and private sectors. In Public sector payrolls (pp. 147-182). University of Chicago Press.

1986

  1. Gyourko, J., & Tracy, J. (1986). An analysis of public and private sector wages allowing for endogenous choices of both government and union status.
  2. Inman, R. P. (1986). Appraising the funding status of teacher pensions: An econometric approach. National Tax Journal, 21-33.

1985

  1. Grosskopf, S., Hayes, K., & Kennedy, T. (1985). Supply and Demand Effects of Underfunding of Pensions on Public Employee Wages. Southern Economic Journal, 745-753.
  2. Marks, B. R., & Raman, K. K. (1985). The importance of pension data for municipal and state creditor decisions: Replication and extensions. Journal of Accounting Research, 878-886.

1984

  1. Allen, S. G., Clark, R. L., & Sumner, D. A. (1984). Post-retirement adjustments of pension benefits.

1983

  1. Martin, L. J., & Henderson, G. V. (1983). On bond ratings and pension obligations: a note. Journal of Financial and Quantitative Analysis, 18(04), 463-470.

1982

  1. Inman, R. P. (1982). Public employee pensions and the local labor budget. Journal of Public Economics, 19(1), 49-71.
  2. Quinn, J. F. (1982). Pension wealth of government and private sector workers. The American Economic Review, 283-287.

1981

  1. Epple, D., & Schipper, K. (1981). Municipal pension funding: A theory and some evidence. Public Choice, 37(1), 141-178.
  2. Raman, K. K. (1981). Financial reporting and municipal bond rating changes. Accounting Review, 910-926.
  3. Smith, R. S. (1981). Compensating differentials for pensions and underfunding in the public sector. The Review of Economics and Statistics, 463-468.

1980

  1. Bacon, A. R. (1980). A Note on Selecting the Appropriate Pension Funding Method for Localities. Public Administration Review, 265-269.
  2. Friedman, B. M. (1980). The Effect of Shifting Wealth Ownership on the Term Structure of Interest Rates.
  3. Ehrenberg, R. G. (1980). Retirement system characteristics and compensating wage differentials in the public sector. Industrial and Labor Relations Review, 470-483.
  4. March, M. S. (1980). Pensions for public employees present nationwide problems. Public Administration Review, 382-389.
  5. Schotland, R. A. (1980). Divergent investing for pension funds. Financial Analysts Journal, 29-39.

1979

  1. Quinn, J. F. (1979). Wage differentials among older workers in the public and private sectors. Journal of Human Resources, 41-62.

1978

  1. Mumy, G. E. (1978). The economics of local government pensions and pension funding. The Journal of Political Economy, 517-527.

1972

  1. Apilado, V. P. (1972). Pension funds, personal savings, and economic growth. Journal of Risk and Insurance, 397-404.