Binsbergen, Jules H. van; Novy-Marx, Robert; Rauh, Joshua - In: Tax Policy and the Economy 28 (2014) 1, pp. 133-133
In this paper, we use financial valuation techniques to measure the unfunded liabilities associated with the Pension Benefit Guaranty Corporation (PBGC) single-employer pension insurance program. This is an alternative approach to the calculations of expected future PBGC payouts in the PBGC...