U.S. municipal yields and unfunded state pension liabilities

Autor: Eduard Ponds, Z. Lekniute, Roel Beetsma

Publikováno v: Journal of Empirical Finance, 53, 15-32. Elsevier

We present empirical evidence that municipal bond yields are increasing in the pension debt towards U.S. state civil servants. However, positive yield effects of both pension and explicit debt are found only for the period since the start of the cris

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d74dccf0c87b559e77ec2db07d507f3a
https://doi.org/10.1016/j.jempfin.2019.05.003

U.S. Municipal Yields and Unfunded State Pension Liabilities

We present empirical evidence that municipal bond yields are increasing in the pension debt towards U.S. state civil servants. However, positive yield effects of both pension and explicit debt are found only for the period since the start of the cris

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=dris___01181::2cab8a6984bfd1b7dbc95df2b0727d74
https://research.tilburguniversity.edu/en/publications/f7a0ecba-4b3f-417a-b1e7-7976d0d768c5

Essays in Public Economics and Local Public Finance

Autor: MacKay, Robert

Publikováno v: MacKay, Robert. (2017). Essays in Public Economics and Local Public Finance. UC San Diego: Economics. Retrieved from: http://www.escholarship.org/uc/item/12c6f29z

This work deals with local governments and fiscal stress. In the first chapter, I analyze the response of individual housing sales prices to negative information or “news” about local public debt levels and their underlying impact on the provisio

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=od_______325::ad5c4c83ad9cb29489d7a32db0f9bd1b
http://www.escholarship.org/uc/item/12c6f29z

A Study of Current Issues for System of Retirement Benefits and Accounting Standard of Retirement Benefits in Financial Statements of Employers

Autor: Hidemi, Negishi

Publikováno v: 立教ビジネスデザイン研究. 10:33-44

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=jairo_______::c855461d726326008440f8cff4760072
http://id.nii.ac.jp/1062/00009337/

Fooling the Market? Municipal Yields and Unfunded State Pension Liabilities

Existing empirical evidence at the country level exhibits a positive relationship between public indebtedness and the yield on the public debt. Using panel data over the period 2001 – 2014, we show that this relationship holds also for municipal bo

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=dris___00893::7b739d60b93123aa79667ec61cdea144
https://www.netspar.nl/assets/uploads/P20161003_dp037_Lekniute.pdf