NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Shrouded Costs of Government: The Political Economy of State and Local Public Pensions

Edward L. Glaeser, Giacomo A. M. Ponzetto

NBER Working Paper No. 18976
Issued in April 2013

---- Acknowledgements -----

Ponzetto gratefully acknowledges financial support from the Spanish Ministry of Science and Innovation (grants ECO-2011-25624 and Juan de la Cierva JCI-2010-08414), the Barcelona GSE Research Network and the Generalitat de Catalunya (grant 2009 SGR 1157). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Edward L. Glaeser -----

I have received speaking fees from organizations that organize members that invest in real estate markets, including the National Association of Real Estate Investment Managers and the Pension Real Estate Association.

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