Bargaining Credibility and the Limits to Within‐firm Pensions
Jan Erik Askildsen and
Norman J. Ireland
Annals of Public and Cooperative Economics, 2003, vol. 74, issue 4, 515-528
Abstract:
Abstract**: A simple bargaining model highlights the role of commitment to a low‐risk investment policy for firms which offer within‐house pension and health insurance schemes. The roles of this commitment level plus bargaining power, and the ability of a failing firm to misappropriate pensions funds, are studied and their influence on the equilibrium pension determined.
Date: 2003
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https://doi.org/10.1111/j.1467-8292.2003.00233.x
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Persistent link: https://EconPapers.repec.org/RePEc:bla:annpce:v:74:y:2003:i:4:p:515-528
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