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Public Capital, Public Pension, and Growth

open access: yesPublic Capital, Public Pension, and Growth
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Pensions and Capital Structure

North American Actuarial Journal, 2004
Abstract This paper considers the pension plan as part of the capital structure of the sponsoring employer. This enables lessons from financial theory concerning capital structure to be used to answer the question, “What assets should a pension fund hold?” The standard Modigliani-Miller framework is expanded on to consider the implications of corporate
John Ralfe, Cliff Speed, Jon Palin
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Pension Fund Capitalism

Annals of the Association of American Geographers, 2003
Gordon Clark. New York: Oxford University Press, 2000. xvii and 342 pp., diags., notes, and index. $65.00 cloth (ISBN 0-19-924047-7); $29.95 paper (ISBN 0-19-924048-5).
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