Domestic Public Policy

Transparency and State Finances: Managing State Public Wealth

Grant Year: 2022

Robert Inman and Andrew Haughwout will create a measure of each state’s net public wealth: the market value of state assets minus the market value of all state liabilities, including bonds, pension fund shortfalls, and other obligations. They will explore whether the index can provide early warnings to indicate when state policies risk creating fiscal emergencies. The findings of the project will appear in a series of papers.

University of Pennsylvania Domestic Public Policy