Participants:

Edward Glaeser (Harvard University), Byron Lutz (Board of Governors of the Federal Reserve System), Carol Portman (Taxpayers’ Federation of Illinois), Joshua Rauh (Stanford University), and C. Eugene Steuerle (Urban Institute)

Hosted by

Lars Peter Hansen and James Heckman

Overview

The Macro Finance Research Program (MFR), Center for the Economics of Human Development (CEHD) will host the second installment of the University of Chicago Policy Forum on November 8, 2019. This second forum will focus on the topic of, “the Pension Crisis: State and Local Pension Challenges.”

This forum is intended to inform the debate on the state and local pension crisis, its dimensions, economic ramifications and potential solutions. We hope to address 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.