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About this product
- DescriptionUnderfunded 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 goverr 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 ecomist's perspective; Amy B. Monahan, a rewned 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 ecomic 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 BiographySusan 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 Codirector, Penn Institute for Urban Research, at the University of Pennsylvania.
- PublisherUniversity of Pennsylvania Press
- Date of Publication06/01/2016
- SubjectEnvironment & Planning
- Series TitleThe City in the Twenty-First Century
- Place of PublicationPennsylvania
- Country of PublicationUnited States
- ImprintUniversity of Pennsylvania Press
- Content Note6 illus.
- Weight281 g
- Width3556 mm
- Height5487 mm
- Spine18 mm
- Edited bySusan M. Wachter
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