{"id":2439,"date":"2019-10-10T18:52:40","date_gmt":"2019-10-10T18:52:40","guid":{"rendered":"https:\/\/cehd.uchicago.edu\/?page_id=2439"},"modified":"2020-07-09T19:46:42","modified_gmt":"2020-07-09T19:46:42","slug":"university-of-chicago-policy-forum-assessing-the-contributions-of-behavioral-economics-to-economic-science-copy","status":"publish","type":"page","link":"https:\/\/cehd.uchicago.edu\/?page_id=2439","title":{"rendered":"University of Chicago Policy Forum: The Pension Crisis: State and Local Pension Challenges"},"content":{"rendered":"

Participants:<\/strong> Edward Glaeser (Harvard University),\u00a0Byron Lutz (Board of Governors of the Federal Reserve System), Carol Portman (Taxpayers\u2019 Federation of Illinois),\u00a0Joshua Rauh (Stanford University), and C. Eugene Steuerle (Urban Institute)<\/p>\n

Hosted by<\/strong> Lars Peter Hansen<\/a> and James Heckman<\/a><\/p>\n

The\u00a0Macro Finance Research Program<\/a> (MFR),\u00a0Center for the Economics of Human Development <\/a>(CEHD) hosted the second installment of the University of Chicago Policy Forum\u00a0on November 8, 2019. This second forum focused on the topic of, \u201cthe Pension Crisis: State and Local Pension Challenges.”<\/p>\n

This forum was intended to inform the debate on the state and local pension crisis, its dimensions, economic ramifications and potential solutions. We addressed various issues including the scope and magnitude of the fiscal challenges, the role of property taxes and their implications for property values, the continued need to encourage new businesses while addressing the necessity for more revenue in the future, and a better understanding of the political environment and process that gave rise to the challenges faced in the city of Chicago, the state of Illinois, as well as in other states and municipalities around the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

Participants: Edward Glaeser (Harvard University),\u00a0Byron Lutz (Board of Governors of the Federal Reserve System), Carol Portman (Taxpayers\u2019 Federation of Illinois),\u00a0Joshua Rauh (Stanford University), and C. Eugene Steuerle (Urban Institute) Hosted by Lars Peter Hansen and James Heckman The\u00a0Macro Finance Research Program (MFR),\u00a0Center for the Economics of Human Development (CEHD) hosted the second installment of the University of Chicago Policy Forum\u00a0on November 8, 2019. This second forum focused on the topic of, \u201cthe Pension Crisis: State and Local Pension Challenges.” This forum was intended to inform the debate on the state and local pension crisis, its dimensions, economic ramifications and potential solutions. We addressed various issues including the scope and magnitude of the fiscal challenges, the role of property taxes and their implications for property values, the continued need to encourage new businesses while addressing the necessity for more revenue in the future, and a better understanding of the political environment and process that gave rise to the challenges faced in the city of Chicago, the state of Illinois, as well as in other states and municipalities around the country.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2439","page","type-page","status-publish","hentry"],"yoast_head":"\nUniversity of Chicago Policy Forum: The Pension Crisis: State and Local Pension Challenges - Center for the Economics of Human Development<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cehd.uchicago.edu\/?page_id=2439\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"University of Chicago Policy Forum: The Pension Crisis: State and Local Pension Challenges - Center for the Economics of Human Development\" \/>\n<meta property=\"og:description\" content=\"Participants: Edward Glaeser (Harvard University),\u00a0Byron Lutz (Board of Governors of the Federal Reserve System), Carol Portman (Taxpayers\u2019 Federation of Illinois),\u00a0Joshua Rauh (Stanford University), and C. Eugene Steuerle (Urban Institute) Hosted by Lars Peter Hansen and James Heckman The\u00a0Macro Finance Research Program (MFR),\u00a0Center for the Economics of Human Development (CEHD) hosted the second installment of the University of Chicago Policy Forum\u00a0on November 8, 2019. This second forum focused on the topic of, \u201cthe Pension Crisis: State and Local Pension Challenges.” This forum was intended to inform the debate on the state and local pension crisis, its dimensions, economic ramifications and potential solutions. We addressed various issues including the scope and magnitude of the fiscal challenges, the role of property taxes and their implications for property values, the continued need to encourage new businesses while addressing the necessity for more revenue in the future, and a better understanding of the political environment and process that gave rise to the challenges faced in the city of Chicago, the state of Illinois, as well as in other states and municipalities around the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cehd.uchicago.edu\/?page_id=2439\" \/>\n<meta property=\"og:site_name\" content=\"Center for the Economics of Human Development\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-09T19:46:42+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cehd.uchicago.edu\\\/?page_id=2439\",\"url\":\"https:\\\/\\\/cehd.uchicago.edu\\\/?page_id=2439\",\"name\":\"University of Chicago Policy Forum: The Pension Crisis: State and Local Pension Challenges - Center for the Economics of Human Development\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cehd.uchicago.edu\\\/#website\"},\"datePublished\":\"2019-10-10T18:52:40+00:00\",\"dateModified\":\"2020-07-09T19:46:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cehd.uchicago.edu\\\/?page_id=2439#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cehd.uchicago.edu\\\/?page_id=2439\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cehd.uchicago.edu\\\/?page_id=2439#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cehd.uchicago.edu\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"University of Chicago Policy Forum: The Pension Crisis: State and Local Pension Challenges\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cehd.uchicago.edu\\\/#website\",\"url\":\"https:\\\/\\\/cehd.uchicago.edu\\\/\",\"name\":\"Center for the Economics of Human Development\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cehd.uchicago.edu\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"University of Chicago Policy Forum: The Pension Crisis: State and Local Pension Challenges - Center for the Economics of Human Development","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cehd.uchicago.edu\/?page_id=2439","og_locale":"en_US","og_type":"article","og_title":"University of Chicago Policy Forum: The Pension Crisis: State and Local Pension Challenges - Center for the Economics of Human Development","og_description":"Participants: Edward Glaeser (Harvard University),\u00a0Byron Lutz (Board of Governors of the Federal Reserve System), Carol Portman (Taxpayers\u2019 Federation of Illinois),\u00a0Joshua Rauh (Stanford University), and C. Eugene Steuerle (Urban Institute) Hosted by Lars Peter Hansen and James Heckman The\u00a0Macro Finance Research Program (MFR),\u00a0Center for the Economics of Human Development (CEHD) hosted the second installment of the University of Chicago Policy Forum\u00a0on November 8, 2019. This second forum focused on the topic of, \u201cthe Pension Crisis: State and Local Pension Challenges.” This forum was intended to inform the debate on the state and local pension crisis, its dimensions, economic ramifications and potential solutions. 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