Are City Fiscal Woes Widespread? Are Pensions the Cause?

Alicia Munnell, Jean-Pierre Aubry, Josh Hurwitz and Mark Cafarelli

Challenge, 2014, vol. 57, issue 4, 44-56

Abstract: 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.

Date: 2014
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Working Paper: Are City Fiscal Woes Widespread? Are Pensions the Cause? (2013)
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DOI: 10.2753/0577-5132570404

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