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Hess, Frederick M.; Squire, Juliet P. – American Enterprise Institute for Public Policy Research, 2009
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. Rules and auditing standards are intended to tame this kind of short-sighted behavior in the private sector. In the public sector, the primary safeguard is the hope that public officials will not be…
Descriptors: Public Sector, Teacher Retirement, Retirement Benefits, Income
Lescault, Paul R.; Jones, Thomas H. – 1984
A study of policies governing state aid for education in four states over a 10-year period provided evidence that finance reform can lead to increased inequality in aid distribution. Two of the states studied, New Jersey and Maine, undertook major reform efforts in the 1970's, whereas the other two, New York and Rhode Island, did not. The study…
Descriptors: Court Role, Educational Equity (Finance), Educational Finance, Elementary Secondary Education