Are City Fiscal Woes Widespread? Are Pensions the Cause?

Detroit's bankruptcy and Chicago's financial problems and large unfunded pension liabilities have attracted national concern. The question is whether cities across the country are about to topple like dominoes-and whether pensions are the problem. The answer, the authors write, appears to...

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Veröffentlicht in:	Challenge (White Plains) 2014-07, Vol.57 (4), p.44-56
Hauptverfasser:	Munnell, Alicia H., Aubry, Jean-Pierre, Hurwitz, Josh, Cafarelli, Mark
Format:	Magazinearticle
Sprache:	eng
Schlagworte:	Bankruptcy Chicago, Illinois Cities Economic analysis Fiscal theory Illinois Liability Municipal finance Municipal government Pensions Public sector Studies The Change Issue U.S.A Underfunded pension plans
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Zusammenfassung:	Detroit's bankruptcy and Chicago's financial problems and large unfunded pension liabilities have attracted national concern. The question is whether cities across the country are about to topple like dominoes-and whether pensions are the problem. The answer, the authors write, appears to be "no" on both fronts.
ISSN:	0577-5132 1558-1489
DOI:	10.2753/0577-5132570404