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dc.contributor.authorFortune, Peteren_US
dc.date.accessioned2006-07-24en_US
dc.date.accessioned2012-06-20T16:09:36Z-
dc.date.available2012-06-20T16:09:36Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/59218-
dc.description.abstractThis study's underlying premise is that current pension plan accounting has two important negative effects. First, it distorts the measurement of earnings and net worth in the short run, as well as the pattern of earnings over future periods. Second, this distortion can send incorrect signals to investors about a firm's health, resulting in the mispricing of a firm's outstanding debt and equity instruments. The author demonstrates how these distortions are introduced, examines the magnitude of the distortions, and discusses proposals for reform.en_US
dc.language.isoengen_US
dc.publisherFederal Reserve Bank of Boston Boston, MAen_US
dc.relation.ispartofseriesPublic policy Discussion Papers, Federal Reserve Bank of Boston 06,2en_US
dc.subject.jelE01en_US
dc.subject.jelG12en_US
dc.subject.jelG23en_US
dc.subject.jelG35en_US
dc.subject.jelM41en_US
dc.subject.ddc330en_US
dc.titlePension accounting and corporate earnings: The world according to GAAPen_US
dc.typeWorking Paperen_US
dc.identifier.ppn514869828en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Public Policy Discussion Papers, Federal Reserve Bank of Boston

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