Abstract
Public sector pension funding varies significantly across the states, a phenomenon often linked with budget conditions, but do political factors also play a role? Utilizing data collected between 2000 and 2008, this article investigates the role of political, fiscal, and workforce characteristics as determinants of long-term pension funding, a measure with implications for fiscal sustainability and ongoing reform deliberations. Results suggest a significant relationship between pension funding and legislative partisanship, citizen ideology, public school employee coverage, and outstanding state debt. Certain other fiscal variables do not shape pension-funding levels independent of these factors, nor does executive partisanship.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.