What role should the government play in financing the arts in America? A wealth of research has been dedicated to whether lump sum government transfers to nonprofit organizations “crowd-out” private giving. However, little attention has been paid to the incidence of voter-approved cultural...

As traditional pensions, or defined benefit (DB) plans, are replaced by defined contribution plans (DC), workers in New York City and in the nation have less retirement security. Coverage rates for employer plans are falling. Most DC retirement accounts are in the form of 401(k)-type plans -...