The following is a summary highlighting testimony by AEI Director of Economic Policy Studies Kevin Hassett to the Joint Economic Committee at a hearing entitled "How the Taxation of Capital Affects Growth and Employment."

It is unlikely that increases in federal employee pension contributions or reductions in pension benefits for future federal retirees would lower total compensation below federal workers’ reservation wage, which represents the minimum pay at which a worker will accept a particular type of job.

Alan D. Viard, a resident scholar at AEI, reviews the budget outlook, the need for tax reform and the benefits of moving to a progressive consumption tax. He also discusses his forthcoming book, Progressive Consumption Taxation: The X Tax Revisited, which he coauthored with Robert Carroll of Ernst & Young. The book will be published by AEI Press in the Spring.

Unless pension accounting rules are updated, taxpayers in New Jersey and around the country are in for a shock when the pension bill comes due.

An analysis of why current public sector pension accounting standards understate liabilities and encourage excessive risk-taking

A panel of retirement finance experts will discuss questions regarding retirement policy reform.

Some public pension plans want to hide the truth from taxpayers.

When you try to reduce risk for individuals too much, you end up making things much more risky.