Defined benefit (DB) pension freezes in large healthy firms such as Verizon and IBM, as well as terminations of plans in the struggling steel and airline industries, highlight the fact that these traditional pensions cannot be viewed as risk-free promises from the employeeÂ’s perspective....

The purpose of this paper is to examine the factors that effect municipal expenditures in Ontario. Using multiple regression techniques, we find that regionalization has no significant impact on total per capita expenditures.

The empirical methodology developed by King and Watson (1992) is employed to test for a vertical long-run Phillips curve amnong the EU countries, using quarterly data spanning the last thirty years.