Are other postemployment obligations impounded in borrowing costs for state governments?
Abstract
Attempts to investigate whether unfunded post‐employment obligations are recognized in the borrowing costs for new state government bond issues. Suggest that such evidence would lend insight into the relationship between the unfunded liability for retiree healthcare costs and borrowing costs, which may have important implications for policy makers. Gives an overview of state retiree healthcare benefits and covers prior literature before providing substantial details of the methodology used. Results suggest that such liabilities are taken into account.
Keywords
Citation
Sneed, C. and Sneed, J. (2002), "Are other postemployment obligations impounded in borrowing costs for state governments?", Management Research News, Vol. 25 No. 1, pp. 28-38. https://doi.org/10.1108/01409170210783007
Publisher
:MCB UP Ltd
Copyright © 2002, MCB UP Limited