NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Political Economy of Underfunded Municipal Pension Plans

Jeffrey Brinkman, Daniele Coen-Pirani, Holger Sieg

NBER Working Paper No. 22321
Issued in June 2016

---- Acknowledgments ----

The views expressed here are those of the authors and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. Thanks to David Albouy, Dan Bernhardt, Steve Coate, Victor Rios-Rull, and seminar participants at various institutions and conferences for helpful comments. Sieg acknowledges financial support from the National Science Foundation (SES-0958705). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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