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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w18489 |
来源ID | Working Paper 18489 |
The Revenue Demands of Public Employee Pension Promises | |
Robert Novy-Marx; Joshua D. Rauh | |
发表日期 | 2012-10-25 |
出版年 | 2012 |
语种 | 英语 |
摘要 | We calculate increases in contributions required to achieve full funding of state and local pension systems in the U.S. over 30 years. Without policy changes, contributions would have to increase by 2.5 times, reaching 14.1% of the total own-revenue generated by state and local governments. This represents a tax increase of $1,385 per household per year, around half of which goes to pay down legacy liabilities while half funds the cost of new promises. We examine sensitivity to asset return assumptions, wage correlations, the treatment of workers not currently in Social Security, and endogenous geographical shifts in the tax base. |
主题 | Macroeconomics ; Fiscal Policy ; Public Economics ; Taxation ; National Fiscal Issues ; Subnational Fiscal Issues |
URL | https://www.nber.org/papers/w18489 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576164 |
推荐引用方式 GB/T 7714 | Robert Novy-Marx,Joshua D. Rauh. The Revenue Demands of Public Employee Pension Promises. 2012. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w18489.pdf(424KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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