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Public-Sector Pension Plans and the Discount Rate Assumption: The Role of Political Incentives. (2020). Bagchi, Sutirtha ; Naughton, James.
In: Villanova School of Business Department of Economics and Statistics Working Paper Series.
RePEc:vil:papers:48.

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  1. --- 2019. “Hidden Debt, Hidden Deficits: The 2019 Update,” https://www.hoover.org/news/hiddendebthidden -deficits-2019-update Shnitser, Natalya. 2014. “Funding Discipline for U.S. Public Pension Plans: An Empirical Analysis of Institutional Design.” Iowa Law Review, 100(2): 663–713. Online Appendix
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  2. Andonov, Aleksandar, Yael V. Hochberg, and Joshua D. Rauh. 2018. “Political Representation and Governance from the Investment Decisions of Public Pension Funds.” Journal of Finance, 73(5): 2041–2086.

  3. Beck, Amanda W. 2018. “Opportunistic financial reporting around municipal bond issues.” Review of Accounting Studies, 23: 785–826.

  4. Brown, Jeffrey R. and David W. Wilcox. 2009. “Discounting state and local pension liabilities.” American Economic Review Papers & Proceedings, 99(2): 538–542.

  5. Chaney, Barbara A., Paul A. Copley, and Mary S. Stone. 2002. “The Effect of Fiscal Stress and Balanced Budget Requirements on the Funding and Measurement of State Pension Obligations.” Journal of Accounting and Public Policy, 21(4-5): 287–313.
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  6. Department of Community and Economic Development (DCED). 2015. “Municipal Authorities in Pennsylvania.” Governor’s Center for Local Government Services, Harrisburg, PA.
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  7. Diebold, Jeffrey, Vincent Reitano, and Bruce McDonald. 2018. “Sweat the Small Stuff: Strategic Selection of Pension Policies used to Defer Required Contributions.” Contemporary Economic Policy. 36(3): 505–525.

  8. Dove, John, Courtney Collins, and Daniel J. Smith. 2018. “The Impact of Public Pension Board of Trustee Composition on State Bond Ratings.” Economics of Governance, 19(1): 51–73.

  9. Eaton, Tim V. and John R. Nofsinger. 2004. “The Effect of Financial Constraints and Political Pressure on the Management of Public Pension Plans.” Journal of Accounting and Public Policy, 23(3): 161– 189.
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  10. Giertz, J. Fred, & Papke, Leslie E. 2007. “Public Pension Plans: Myths and Realities for State Budgets.” National Tax Journal, 60(2): 305–323.

  11. Myers, Sean. 2019. “Public Employee Pensions and Municipal Insolvency.” Working Paper, Available at: https://web.stanford.edu/~smyers2/JMP_Myers.pdf Naughton, James, Reining Petacchi, and Joseph P. Weber. 2015 “Public Pension Accounting Rules and Economic Outcomes.” Journal of Accounting and Economics, 59(2–3): 221-241 Naughton, James and Holger Spamann. 2015. “Fixing Public Sector Finances: The Accounting and Reporting Lever.” UCLA Law Review, 62: 574–620.
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  12. Novy-Marx, Robert. 2013. “Logical Implications of GASB’s Methodology for Valuing Pension Liabilities.” Financial Analysts Journal, 69(1): 26–32.
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  13. Novy‐Marx, Robert and Joshua Rauh. 2011. “Public Pension Promises: How Big Are They and What Are They Worth?” Journal of Finance, 66(4): 1211–1249.

  14. Pennacchi, George and Mahdi Rastad. 2011. “Portfolio Allocation for Public Pension Funds.” Journal of Pension Economics & Finance, 10(2): 221–245.

  15. Rauh, Joshua. 2017. “Hidden debt, hidden deficits: How pension promises are consuming state and local budgets.” Hoover Institution Essay, Stanford, CA.
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