Unions and Pensions: Theory, Evidence, and Implications
Unions and Pensions: Theory, Evidence, and Implications
The relationship between union actions and welfare outcomes is developed, taking the provision of old‐age insurance as a natural example. This chapter develops the economic theory of how unions go about setting policies on pensions; it presents empirical evidence of their impact on occupational pensions and policies on state pensions and early retirement options; and it examines how union activities depend on labour relations institutions.
Keywords: early retirement options, labour relations institutions, old‐age insurance, pensions, union actions, welfare outcomes
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