Newmark's Door

Nice refutation by AEI scholar Andrew G. Biggs of a paper making the rounds:

A recent research paper released by the Center for State and Local Government Excellence argues that employees of state and local governments earn salaries and benefits significantly less than similar private-sector workers. But this study omits unfunded pension and retiree health benefits for public-sector workers. Once unfunded promises are included, state and local employees may receive significantly greater total compensation than private-sector workers.