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Pension Funding and the Economy: Would “Proper” Funding Cost Jobs?

Dean Baker and Nick Buffie

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: This paper calculates the impact on the economy of adopting NM&R funding rules during the last recession. Specifically, it calculates the impact on GDP and employment if state governments had decided to fill the funding gap calculated by NM&R over a 15-year time horizon, as they advocate.

Keywords: pensions; novy-marx; rauh; employment; gross state product; budget (search for similar items in EconPapers)
JEL-codes: H H6 H7 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2015-11
New Economics Papers: this item is included in nep-age and nep-pke
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http://cepr.net/documents/pension-funding-2015-11.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2015-22

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