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BO, Zhao ; Robert K., Triest ; Bo, Zhao ; Robert, Triest. (2013) The role of economic, fiscal, and financial shocks in the evolution of public sector pension funding.
In: Working Papers. RePEc:fip:fedbwp:13-26.
Full description at Econpapers
cites:
St. Clair, Travis. 2013. “The Impact of Budget Stabilization Funds on State Pension Contributions.†Public Budgeting & Finance 33(3): 55–74. Number of Observations=850 (unless otherwise indicated) Mean Standard deviation Minimum Maximum Plan Sponsors' Contribution/Payroll 10.77 9.80 0.00 178.80 UAAL/Payroll 79.80 278.97 –4012.37 725.42 Unemployment Rate 5.89 1.99 2.50 13.70 Unexpected State Budget Deficit/State Total Expenditure 1.20 2.08 0.00 23.96 Unexpected State Budget Surplus/State Total Expenditure 0.97 2.69 0.00 47.13 TABLE 1 SUMMARY STATISTICS Sources: Pension-related data are from the Boston College Center for Retirement Research's Public Plans Database. Data for unexpected state budget deficit and surplus are from the National Association of State Budget Officers' Fiscal Survey of States. Data for state total expenditures and unemployment rates are from the Census Bureau and the Bureau of Labor Statistics, respectively.
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