Pension reform has taken center stage in the public policy debate as states struggle to deal with the fallout from the Great Recession. The public pension debt crisis jeopardizes the fiscal solvency of states as well as the nation’s long-term financial health. Retirement benefits are also a...

The Employee Retirement Income Security Act requires a fiduciary governed by the act to “discharge his duties with respect to a plan solely in the interest of the participants and beneficiaries and . . . with the care, skill, prudence, and diligence under the circumstances then prevailing that...

The focus of this Article is on the agency costs that may be created by the empty voting of investment advisers to index funds and how they can be mitigated so as to protect the value of private employee pension benefit plans. This Article focuses on BlackRock because it has taken a leadership...

A major factor weighing down the long-term finances of state and local governments is the obligation to fund retiree benefits. While state and local government pension obligations have been analyzed in great detail, much less attention has been paid to the costs of the other major retiree...

We empirically analyze sub-national migration of graduates in Germany and its determinants. Based on a longitudinal, representative survey-based dataset of students who graduated in the academic year 2004/2005, we observe the transition to the labor market and previous and subsequent migration...

The hypothesis that ethnic diversity has a negative impact on public goods provision is widely accepted. Notably, most work on this issue fails to distinguish adequately between national versus subnational governance. We find that subnational empirical evidence in particular is inconclusive, and...

We empirically analyze sub-national migration of graduates in Germany and its determinants. Based on a longitudinal, representative survey-based dataset of students who graduated in the academic year 2004/2005, we observe the transition to the labor market and previous and subsequent migration...

The hypothesis that ethnic diversity has a negative impact on public goods provision is widely accepted. Notably, most work on this issue fails to distinguish adequately between national versus subnational governance. We find that subnational empirical evidence in particular is inconclusive, and...

We empirically analyze sub-national migration of graduates in Germany and its determinants. Based on a longitudinal, representative survey-based dataset of students who graduated in the academic year 2004/2005, we observe the transition to the labor market and previous and subsequent migration...

The hypothesis that ethnic diversity has a negative impact on public goods provision is widely accepted. Notably, most work on this issue fails to distinguish adequately between national versus subnational governance. We find that subnational empirical evidence in particular is inconclusive, and...