Are City Fiscal Woes Widespread? Are Pensions the Cause?

Munnell, Alicia H.; Aubry, Jean-Pierre; Hurwitz, Josh; Cafarelli, Mark
July 2014
Challenge (05775132);Jul/Aug2014, Vol. 57 Issue 4, p44
Academic Journal
Detroit's bankruptcy and Chicago's financial problems and large unfunded pension liabilities have attracted national concern. The question is whether cities across the country are about to topple like dominoes-and whether pensions are the problem. The answer, the authors write, appears to be "no" on both fronts.


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