Does Public Pension Funding Affect Where People Move?

Source: Jean-Pierre Aubry and Caroline V. Crawford, Center for Retirement Research at Boston College, SLP#52, October 2016

The brief’s key findings are:
– Individuals who move generally go to places with the best mix of amenities, including low tax rates and a robust economy.
– An open question is whether a state’s unfunded pension liabilities could also affect moving decisions.
– While movers generally know little about a state’s pension finances, critical news stories could signal poor fiscal management.
– The analysis finds that, in addition to traditional factors, a state’s pension funding does play a role, albeit small.