Public Pensions and City Solvency by Wachter, Susan M.

Public Pensions and City Solvency (Hardcover) (ISBN-13: 9780812248265)

Vendor: Susan M. Wachter
Product type: Books
Format: Hardcover
$29.95
$29.95
$29.95
Subtotal: $29.95
Public Pensions and City Solvency by Wachter, Susan M.

Public Pensions and City Solvency

$29.95
Public Pensions and City Solvency by Wachter, Susan M.

Public Pensions and City Solvency

$29.95
Format: Hardcover
Description
Description
x

Underfunded pension liabilities threaten the fiscal stability of many cities. While Detroit's bankruptcy has dominated the headlines, the problem is widespread. With ongoing battles in many localities, policymakers are increasingly turning their attention to the legacy issues surrounding the funding of pensions. Public Pensions and City Solvency addresses this complex fiscal challenge and presents strategies to achieve financial sustainability.

Writing in a direct, readable style for a professional as well as an academic audience, expert contributors provide incisive analyses and practical approaches to navigating the fiscal morass in which many cities find themselves. Richard Ravitch, former lieutenant governor of New York, writes the Foreword and Robert P. Inman and Susan M. Wachter provide the Conclusion. The book's three chapters examine the issue from different key perspectives: Joshua D. Rauh, a leading scholar in the study of unfunded pension liabilities, provides an economist's perspective; Amy B. Monahan, a renowned authority in public employee benefits law, illuminates the legal framework; and D. Roderick Kiewiet and Mathew D. McCubbins, visionary political scientists, put the crisis and its economic and legal implications into context and lay out the necessary framework for reform.

The problems that arise from underfunded public pensions are only going to escalate. Public Pensions and City Solvency is a unique resource for decision-makers, policy-makers, and researchers and a timely addition to the evolving debate over what constitutes sustainable solutions.

Contributors: Robert P. Inman, D. Roderick Kiewiet, Mathew D. McCubbins, Amy B. Monahan, Joshua D. Rauh, Richard Ravitch, Susan M. Wachter.

Author: Susan M. Wachter
ISBN-10: 0812248260
ISBN-13: 9780812248265
Publisher: University of Pennsylvania Press
Language: English
Published: 02/03/2016
Pages: 120
Format: Hardcover
Weight: 0.65lbs
Size: 8.60h x 5.60w x 0.70d

Review Citation(s):
Choice 06/01/2016
By Susan M. Wachter
By Susan M. Wachter
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Susan M. Wachter is the Albert Sussman Professor of Real Estate and Professor of Finance, The Wharton School; Professor of City and Regional Planning, School of Design; and Co-Director, Penn Institute for Urban Research, at the University of Pennsylvania.

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