{"title":"Pension Security Bonds: A New Plan to Address the State Pension Crisis","authors":"Joshua D. Rauh, Robert Novy-Marx","doi":"10.2202/1553-3832.1757","DOIUrl":null,"url":null,"abstract":"State pensions are in a terrible way. What should be done? In exchange for closing defined-benefit plans to new workers and enrolling all new workers in Social Security, a state should be allowed to issue tax-subsidized bonds for pension funding, according to Joshua Rauh of Kellogg School of Management at Northwestern and Robert Novy-Marx at University of Chicago Booth School of Business.","PeriodicalId":42390,"journal":{"name":"Economists Voice","volume":"7 1","pages":""},"PeriodicalIF":0.4000,"publicationDate":"2010-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2202/1553-3832.1757","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economists Voice","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2202/1553-3832.1757","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
State pensions are in a terrible way. What should be done? In exchange for closing defined-benefit plans to new workers and enrolling all new workers in Social Security, a state should be allowed to issue tax-subsidized bonds for pension funding, according to Joshua Rauh of Kellogg School of Management at Northwestern and Robert Novy-Marx at University of Chicago Booth School of Business.
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