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IntroductionPeter M Mieszkowski and George
Wages Pensions and Employment in the Local Public
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actuarial adjustments analysis annual areas average burden capitalization ceteris paribus city's coefficients collective bargaining comparability compensation levels CONTRACT David Lewin demand determination dollar earnings Economics Ehrenberg employer contributions equal ERISA estimated exogenous federal pay federal workers finance firefighters firms fiscal future impact income increase indifference curve Inman labor budget Lewin measure ment municipal normal cost pay-as-you-go pension benefits pension contributions pension costs pension coverage pension funding pension liabilities pension plans pension systems pension underfunding percent Personnel ployees police and fire police unionism police wages population present value private sector provisions public employee public sector RCSI real wage relative reported residents retirement system characteristics retroactive benefits retroactive pensions salary sample significant sion SMSAs social security taxpayers Tiebout-type tion total compensation U.S. Steel unfunded liabilities unfunded pension Urban Urban Institute variables vesting wage differentials York City