To stabilize their financial markets, many governments implement a number of rescue programs. Direct purchase intervention—rarely observed in the past due to the concern of moral hazard problems and aversion to government ownership—has been commonly considered a potential way to stabilize...

We jointly test moral hazard and tax benefit hypotheses related to the defined benefit pension plan funding and investment risk-taking decisions by incorporating the pension plan termination probabilities. We hypothesize that sponsors with different plan termination probabilities are dominated...

This report responds to an urgent need. The flow of federal funds invested in the development of state education and workforce integrated data systems is scheduled to end state by state between now and 2016. Prospects for future federal investment in state data system integration will depend...