Union-Nonunion Differences in Pension Fund Investments and Earnings

Stuart Dorsey and John Turner

ILR Review, 1990, vol. 43, issue 5, 542-555

Abstract: The authors use IRS data to compare the composition, risk, and rate of return to union pension investments with those of nonunion pension funds. They find almost no differences between single-employer union and single-employer nonunion funds. Collectively bargained, multiemployer funds, however, held less risky portfolios than either union or nonunion single-employer funds. Multi-employer funds averaged a lower risk-adjusted rate of return for 1977–80, but performed as well as nonunion investments from 1981 to 1986. Thus, little evidence is found that “social investing,†most likely to occur in multi-employer funds, has increased the risk or consistently reduced the returns of union pension funds.

Date: 1990
References: Add references at CitEc
Citations:

Downloads: (external link)
http://ilr.sagepub.com/content/43/5/542.abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:ilrrev:v:43:y:1990:i:5:p:542-555

Access Statistics for this article

More articles in ILR Review from Cornell University, ILR School
Bibliographic data for series maintained by SAGE Publications ().