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Bargaining Credibility and the Limits to Within‐firm Pensions

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  • Jan Erik Askildsen
  • Norman J. Ireland

Abstract

**: A simple bargaining model highlights the role of commitment to a low‐risk investment policy for firms which offer within‐house pension and health insurance schemes. The roles of this commitment level plus bargaining power, and the ability of a failing firm to misappropriate pensions funds, are studied and their influence on the equilibrium pension determined.

Suggested Citation

  • Jan Erik Askildsen & Norman J. Ireland, 2003. "Bargaining Credibility and the Limits to Within‐firm Pensions," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 74(4), pages 515-528, December.
    • Handle: RePEc:bla:annpce:v:74:y:2003:i:4:p:515-528
    DOI: 10.1111/j.1467-8292.2003.00233.x
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    References listed on IDEAS

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