Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46093
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dc.contributor.authorEven, William E.en_US
dc.contributor.authorMacpherson, David A.en_US
dc.date.accessioned2011-06-21en_US
dc.date.accessioned2011-06-28T13:55:11Z-
dc.date.available2011-06-28T13:55:11Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/46093-
dc.description.abstractThis study argues that the promotion of union goals could have positive, negative, or neutral effects on risk adjusted return performance. Moreover, the union's ability and incentive to use pension assets to promote union goals will vary with the design of the pension. Using panel data on over 36,000 pension plans drawn from IRS Form 5500 filings, we empirically estimate the effects of unions on risk adjusted returns and find that the union effect on performance varies in ways that are consistent with our priors. In particular, unions have the largest negative effect among multi-employer defined contribution plans and the negative effect of unions can be eliminated by a switch to participant direction. Also, we find that unions improve performance for single employer defined contribution plans.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit |x5256en_US
dc.subject.jelJ32en_US
dc.subject.jelJ51en_US
dc.subject.ddc330en_US
dc.subject.keywordunionsen_US
dc.subject.keywordrate of returnen_US
dc.subject.keywordpensionen_US
dc.subject.keyworddefined benefiten_US
dc.subject.keyworddefined contributionen_US
dc.titleWhat do unions do to pension performance?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn662534255en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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