Working Papers
A Network Approach to Geopolitics
Economics Working Paper 26127
October 16, 2026
Published February 22, 2024
Left unchecked, swelling pension deficits estimated at over $6.5 trillion could eventually bankrupt state economies and hurt public services like infrastructure and education, negatively impacting the lives of all Americans. Alternative retirement plans can provide a lifeline to governments and households. Transitioning workers to sustainably-structured retirement plans like a 401(k) allows states to save money and remain solvent, and still provide employees with reliable benefits and financial security.
Check Out More from Oliver Giesecke:
- Read "How Much Do Public Employees Value Defined Benefit Versus Defined Contribution Retirement Benefits?" by Oliver Giesecke and Joshua D. Rauh here.
- Read "Public Pensions Are Mixing Risky Investments with Unrealistic Predictions" by Oliver Giesecke and Joshua D. Rauh here.
- Read "Trends In State And Local Pension Funds" by Oliver Giesecke and Joshua D. Rauh here.
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Oliver Giesecke
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