COLA cuts in state-local pensions
نویسندگان
چکیده
منابع مشابه
The Intergenerational State: Education and Pensions
_________________________________________________________________________ When credit markets to finance investment in human capital are missing, the competitive equilibrium allocation is inefficient. When generations overlap, this failure can be mitigated by properly designed social arrangements. We show that public financing of education and public pensions can be designed to implement an int...
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i An aged unit is a married couple living together with either the husband or wife age 65 or older, or a person age 65 or older who does not live with a spouse. and U.S. Railroad retirement), 20 percent from earnings, and 15 percent from dividends and interest. As income increases, people are more dependent upon pension income; as income decreases, people are more dependent upon Social Security...
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ژورنال
عنوان ژورنال: Journal of Pension Economics and Finance
سال: 2015
ISSN: 1474-7472,1475-3022
DOI: 10.1017/s1474747215000372