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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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