Market-based measures of public pensions funding may better informstate governments and taxpayers of the liabilities and risks they face.

This AEI working paper presents an alternate approach to market valuation of public pension liabilities based upon options pricing methods.

“Americans spend too much on health care.” “We have worse health outcomes than our European counterparts.” Talking points such as these helped drive President Obama’s controversial and sweeping health care reform into law two years ago. But are they accurate?

Attempts at austerity and deleveraging in Europe have converted an economic problem into a political dilemma, with leftist governments rising against Germany's austerity-laced rescue packages. Germany now faces a tough economic decision that will involve choosing between a breakup of the current euro system and a movement toward a common fiscal policy in Europe.

China's leaders are calculating that it pays to be populist and anti-Western, but they are well aware of how many of its citizens are unhappy with a government whose rule is marked by increasing levels of corruption and inequality.

Richard Rogerson discussed the important questions concerning the optimal size and scope of federal spending.

At this event, AEI resident scholar Andrew Biggs will address members of the Savings and Retirement Forum about the present system and propose reforms that could create a more transparent and effective retirement program.

Everybody now agrees that Treasury guarantees should be both explicit and explicitly paid for.