A little over a year ago, I posted a msg on some research I was doing on private sector pension funds. Several PENers responded with requests for the paper. The research got side tracked, the paper delayed and I lost the list. If you were on the list, please contact me again. The crass commercial announcement: I am working on a paper (this time it is really a draft of a paper) that looks at the structure of private sector pension funds and predicts that many of these funds will go into PLANNED default as the baby boom generation ages into retirement. The paper starts from the premise of profit maximization, looks at the incentives involved, looks at current legal avenues available and predict wide spread defaults. At the heart of the paper is the concept of strategic bankruptcy. It ends with a too short section on policy to prevent this outcome. I will be presenting this paper at the EEA meeting in Boston. I chose to present there because a lot of PENers are on the east coast and attend those meetings. I am posting this message to draw your attention to the session. It is an eclectic session on Labor, at 9:00 am on the first day, so it is easy to miss. Since I have been developing these ideas in relative isolation, I am eager to get as much feedback as possible, even if it is that you think the idea is wrong. End of crass commercial announcement. (Hope to see you on March 18!) Doug Orr Eastern Washington Univ [EMAIL PROTECTED]
