The Economics of Local Government Pensions and Pension Funding
Bibliographic Data
| ID | 10175928 |
|---|---|
| Authors | Gene E Mumy (corresponding author) |
| Year | 1978 |
| Volume | 86 |
| Issue | 3 |
| Pages | 517-527 |
| Publication date | 1978-06-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260685 |
| OpenAlex | W2025977347 |
| Language | EN |
| Citations received | 4 |
| References cited | 1 |
This paper presents a simple analytical model of optimum pension size and funding practices for a local government. The criterion used is that the attainable frontier of labor-service purchases, for two periods, should be pushed out as far as possible given that there is a fixed endowment of tax revenues in each period. After the characteristics of the frontier are developed, the relationship between optimizing decisions and pension-funding practices is examined. Comparative-static results which may be fruitful for future empirical work are then derived
Economics · Economy · Endowment · Frontier · Government (linguistics · Labour economics · Local government · Pension · Private pension · Public economics · Revenue · Service (business · Work (physics · Finance · Fiscal Policy and Economic Growth · Local Government Finance and Decentralization · Politics, Economics, and Education Policy
| Citations per year | 0.09 |
|---|---|
| Citation span | 1981 - 2014 (34) |
| Highly cited | No |