"A comprehensive book that serves a wide audience. While providing a detailed history of the development of public sector pensions from colonial times to 1920, the authors have taught their readers about the economic theory of pensions, informed them about the origins of the modern welfare state, and guided them to better understand the policy implications of recent proposals to reform Social Security. In the end, this book accomplishes much."—Journal of Economic Literature
About the Author
Robert L. Clark is Professor of Economics and Professor of Business Management, North Carolina State University, and coeditor of the volume To Retire or Not? Retirement Policy and Practice in Higher Education, also available in the series from the University of Pennsylvania Press. Lee A. Craig is Professor of Economics, North Carolina State University. Jack W. Wilson is Professor of Business Management, North Carolina State University.