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Direct linkHess, Frederick M.; Squire, Juliet P. – Education Finance and Policy, 2010
The tension at the heart of pension politics is the incentive to satisfy today's claimants in the here and now at the expense of long-term concerns. Teacher pensions, in particular, pose two challenges. The first is that political incentives invite irresponsible fiscal stewardship, as public officials make outsized short-term commitments to…
Descriptors: Teacher Retirement, Public Officials, Labor Market, Retirement Benefits
