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Incentive and Redistributive Effects of Private‐Sector Union Pension Plans in Canada
Author(s) -
PESANDO JAMES E.,
GUNDERSON MORLEY,
SHUM PAULINE
Publication year - 1992
Publication title -
industrial relations: a journal of economy and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.61
H-Index - 57
eISSN - 1468-232X
pISSN - 0019-8676
DOI - 10.1111/j.1468-232x.1992.tb00304.x
Subject(s) - pension , incentive , private sector , work (physics) , economics , labour economics , business , public economics , finance , market economy , economic growth , mechanical engineering , engineering
Using data for pension plans in the private sector for males in Canada, this paper examines flat benefit plans, which predominate in the union sector, documenting their work and retirement incentives, the extent to which retroactive enrichments redistribute wealth within union membership, and the impact of anticipated enrichments on the timing of early retirement decisions