The inter-generational fairness of the public pension system depends on the investment return assumption used in planning. This post collects resources on this subject.
Author Archives: Andrew Apostolos
Income Trends
There are many ideas out there about how earnings, real and expected, affect spending. Milton Friedman’s 1957 Permanent Income Hypothesis is probably the most famous. In its strictest form, it …
Pensions – Public and Private
There’s a thoughtful discussion on On Point today about how to handle guaranteed pensions in the face of economic volatility: http://www.onpointradio.org/2010/07/pension-crisis They touch on pensions’ contributions towards budget deficits, how …
The Minimum Wage, give or take…
A lot goes into choosing an appropriate minimum wage level. Like most questions of government intervention in markets, it comes down to efficiency and equity. But even if everybody agreed …