Kent Smetters

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Pension underfunding has dominated the media and created significant concerns for state lawmakers as they struggle to bring their fiscal houses in order.

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Image Credit: USDAgov (Flickr) (CC BY 2.0)

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Right_to_Work_Rally_Pensions

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Those who follow the debate over fair-market valuation of public pension liabilities are aware that economists argue for using lower discount rates to value public pension liabilities but often are unaware of why economists believe what they do. This paper aims to better articulate those beliefs.

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Given how most information pertaining to the two presidential candidates’ tax plans is presented in the press, it is all but impossible to say much about either fairness or efficiency.

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Working Papers logo 80

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The ex-ante best U.S. Social Security replacement rate structure is fairly “flat.”

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Members of the Social Security Advisory Board’s 2007 technical panel will discuss its final report, which could alter views regarding the future Social Security financing shortfall and how it might be addressed.

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Amicus brief on the Writ of Certiorari to the Court of Appeals of Kentucky.

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Ticketmaster recently launched an aggressive lobbying campaign to back new legislation in state governments across the United States to restrict free trading of event tickets.

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The debate about reforming the U.S. Social Security system has witnessed the emergence of several prominent myths on either side of the argument.

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