Download This PaperUnions, Default Risk, and Pension Underfunding
4 Pages Posted: 11 Aug 2013 Last revised: 8 Oct 2013
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Unions, Default Risk, and Pension Underfunding
Unions, Default Risk, and Pension Underfunding
Date Written: August 1, 1986
Abstract
An explanation is provided for the following seemingly unrelated pieces of evidence concerning unions and pension plans in the United States: 1) The pension wealth of union members is greater than that of other workers, but 2) union pension plans are more often underfunded and 3) more likely to be terminated by default.
Keywords: pesion underfunding, unions, hold-up
JEL Classification: G3
Suggested Citation: Suggested Citation
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