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  • Understanding the Argument for Market Valuation of Public Pension Liabilities
    stant amount of risk across their entire net worth.17 The actual amount of risk depends on the importance ... ds ) 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 ...

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    • Authors: Kent Smetters, Andrew Biggs
    • Date: Sep 2016
    • Publication Name: In The Public Interest