EVEN, WILLIAM E.; MACPHERSON, DAVID A. - In: Economic Inquiry 52 (2014) 3, pp. 1173-1189
type="main" xml:id="ecin12081-abs-0001" <title type="main">Abstract</title> Unions can have either positive or negative effects on risk-adjusted returns in pension plans. On the positive side, a union can improve monitoring of pension advisors and asset managers. On the negative side, the union may sacrifice returns by...