Search Results
Briefing
GASB 45 and other post-employment benefit promises : the fog is clearing
It is often said that you won?t get rich working for the government, but you can?t beat the benefits. One form of these benefits is ?Other Post-Employment Benefits"(OPEB), which represent government promises to employees to provide health care and other non-pension benefits after retirement. Government employers commonly use these benefits to attract talent in lieu of large salaries or bonuses and to provide future security to employees. Until now, governments have also been able to apply preferential accounting treatment to OPEB plans, which allowed deferral of the costs of today?s ...
Journal Article
Every sixth worker
Speech
The national and regional economic outlook
Remarks at the University at Albany, Albany, New York.
Working Paper
Government Employment Expenditure and the Effects of Fiscal Policy Shocks
Since World War II, about 75 percent of consumption expenditure by the U.S. government has consisted of wages and salaries for government employees. I distinguish between the goods and the employment expenditure components of government consumption in assessing the effects of fiscal shocks on the macroeconomy. Identifying exogenous fiscal shocks with the onset of military buildups, I show that they lead to a substantial increase in both the number of hours worked and output for the government. I also show that allowing for the distinction between the two main components of government ...