David Draine, a senior researcher at Pew, serves as a principal investigator and methodologist on Pew’s research agenda on state fiscal health, economic competitiveness, and other state policy issues, particularly in the area of state budgets and fiscal health.
Draine has been a lead researcher on a number of groundbreaking studies looking at state-run public employee retirement systems. Pew’s work in this area has been cited widely in national media, as well as by state and local print and broadcast outlets.
In addition to his expertise on public sector retirement benefits, Draine has conducted research and analysis across the 50 states that inform state policy decisions on a wide range of issues, including state transportation investments, state revenue systems, economic development, and mortgage lending.
He holds a bachelor of arts in history from Princeton University and a master of arts in public policy from Johns Hopkins University.
Recent WorkView All
State and local pension systems have adopted significant reforms in recent years in an effort to become fiscally sustainable. The impact of these reforms on recruitment and retention of a talented workforce remains unclear, and the need to understand workers’ thoughts and attitudes about retirement benefits is growing. In order to meet this need, The Pew Charitable Trusts and the... Read More
The California Public Employees’ Retirement System (CalPERS), the nation’s largest public retirement plan,recently raised the bar on investment fee transparency by disclosing the full amount it pays to invest in privateequity, which may bring greater rewards but also greater risk and higher management costs. CalPERS, like mostpublic retirement systems, pays performance-based fees,... Read More
The stock market's recent volatility is a continuation of the bumpy ride investors have experienced since the Great Recession. Such swings used to have little direct effect on public pension plans, but that has changed.That's because over the past four decades public pensions, in hopes of boosting investment returns, have shifted funds away from fixed-income investments such as government and... Read More