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Retiree health benefits and municipal borrowing costs
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DOI：10.1016/j.jbankfin.2026.107723.png)
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Abstract
En 中文
• States with greater unfunded OPEB liabilities have higher bond yields. • Effect size is comparable to that of unfunded pension liabilities on yields. • Effect size depends on health costs and health benefits contracting environment.
Keywords:
OPEB liabilities
municipal bond yields
unfunded liabilities
retiree health benefits
borrowing costs
Journal
J
IF:
3.8
Papers:
65
Citations:
0
Organization
Cited Papers