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RESEARCH ROUNDUP
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August 1, 2020
New Mercatus Research
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Pandemic Recovery and State and Local Pension Reform
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Eileen Norcross and Emily Hamilton
State and local tax revenues have taken a hit from the COVID-19 pandemic. In many cases, the fiscal health of public pension plans have gone from bad to worse. Elected officials are insufficiently incentivized to adequately fund pension systems, and voters are not incentivized to closely follow pension investment practices. Public-sector unions also tend not to pay much attention to pension funding, but rather focus on advocating for increased benefits.
In their new policy brief, Eileen Norcross and Emily Hamilton explore the problems in US state and local pension finance, including underfunding and poor investment choices, and some potential solutions.
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Additional Research
How COVID-19 Is Affecting Social Security Benefits, and What to Do about It
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Charles Blahous
Examining Certificate-of-Need Laws in the Context of the Rural Health Crisis
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Thomas Stratmann and Matthew C. Baker
Congress Should Reflect on Past Financial Relief Before Providing More
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Veronique de Rugy
COVID-19 and the Fed’s Credit Policy
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Robert L. Hetzel
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