Joshua Rauh: The Looming Pension Crisis

发布时间 2013-01-26 06:35:47    来源

Joshua Rauh predicts a national crisis in public sector pensions within the next decade that will leave state and local governments bankrupt and taxpayers on the hook for trillions of dollars. He is a professor of finance at the Stanford Graduate School of Business. What's wrong with the way that state and local governments budget for employee pensions? 0:06 What happens if public sector pension funds don't achieve targeted returns? 0:52 How would a public sector pension crisis impact our financial markets? 1:49 Why should the business community be concerned about a pension crisis? 2:43 Read Joshua Rauh's research: http://www.stanford.edu/~rauh/ Read media coverage of professor Rauh: http://www.stanford.edu/~rauh/media.htm

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