Authors, please upload your paper here.

 

 

NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

State and Local Pensions Conference

 

Jeffrey Brown and Robert Clark, Organizers

 

August 19 and 20, 2010

 

Grand Teton Lodge Company

Jackson Lake Lodge

Wrangler/Prospector/Homesteader Room

Highway 89

Moran, Wyoming

 

Program

 

 Wednesday, August 18:

 

 

  6:00 pm             Group Dinner – Jackson Lake Lodge  (Trappers Room)

 

Thursday, August 19:

 

 

8:00 am

Continental Breakfast

 

 

8:30 am

Henning Bohn, UC, Santa Barbara

Should Public Retirement Plans be Fully Funded?

 

 

Discussant:  Kent Smetters, University of Pennsylvania and NBER

 

 

9:30 am

Jean-Pierre Aubry, Alicia Munnell, and Laura Quinby, Boston College

Public Pension Funding Standards in Practice

 

 

Discussant:  Kil Huh, Pew Center on the States

 

 

10:30 am

Break

 

 

11:00 am

Sylvester Schieber, Towers Watson

Political Economy of Public Sector Retirement Plans

 

 

Discussant:  James Poterba, MIT and NBER

 

 

12:00 pm 

Lunch  (Trappers Room)

 

 

1:00 pm

Robert Novy-Marx, University of Chicago and NBER

Joshua Rauh, Northwestern University and NBER

Policy Options for State Pensions Systems and Their Impact on Plan Liabilities

 

 

Discussant:  Andrew Biggs, American Enterprise Institute

 

 

2:00 pm

George Pennacchi and Mahdi Rastad, University of Illinois

Portfolio Allocation for Public Pension Funds

 

 

Discussant:  Stephen Zeldes, Columbia University and NBER

 

 

3:00 pm

Break

 

 

3:30 pm

Eduard Ponds, Netspar

Clara Severinson and Juan Yermo, OECD

Funding in Public Sector Pension Plans – International Evidence

 

 

Discussant:  Michael Orszag, Towers Watson

 

 

4:30 pm

General Discussion

 

 

5:00 pm

Adjourn

 

 

 

Participants Meet in Lower Lobby

 

 

5:15 pm 

Bus departs Jackson Lake Lodge for Robert Clark’s home

 

 

6:00 pm

Group Dinner at the home of Robert Clark

 

 

9:00 pm

Bus departs Robert Clark’s home for Jackson Lake Lodge

 

 

 

 

Friday, August 20:

 

 

8:00 am

Continental Breakfast

 

 

8:30 am

Leora Friedberg, University of Virginia

Labor Market Aspects of State and Local Retirement Plans

A Review of Evidence and a Blueprint for Future Research

 

 

 

Discussant:  Ronald Ehrenberg, Cornell University and NBER

 

 

9:30 am

James Choi, Yale University and NBER

David Laibson and Brigitte Madrian, Harvard University and NBER

John Beshears, Stanford University and NBER

Defined Contribution Savings Plans in the Public Sector:  Lessons from Behavioral Economics

 

 

Discussant:  John Karl Scholz, University of Wisconsin and NBER

 

 

10:30 am

Break

 

 

11:00 am

Robert Clark and Melinda Morrill, North Carolina State University

Retiree Health Plans in the Public Sector

 

 

Discussant:  Joseph Newhouse, Harvard University and NBER  COMMENTS

 

 

12:00 pm

Lunch and Discussion  (Osprey Room)

 

 

1:00 pm 

Adjourn

 

 

 

 

 

 

 

 

 

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Format:  The meeting format for each paper will be a 25-minute presentation by the author, followed by one 15-minute discussion and then another 20 minutes of general audience discussion.

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