Financial participation for sustainability of pensions? between motivations and industrial democracy?
Abstract
The Financial Participation has been spreading through the policy of the European Union to encourage the development of private pension plans. The purpose is to relieve pressure on public pension expenditure. Financial participation is an expression of Industrial Democracy, led by unions in central and Northern Europe. But in recent years it has been extended as part of the human resources policy of the company to encourage, motivate and retain qualified employment. The EU policy is intended that financial participation is one of the bases for sustaining a new model of occupational well-being negotiated. Our thesis is that this model does not extend to Spain given the abundance of small businesses and the weakness of trade unionism and collective bargaining in them. But participation in benefits could be required to fund the sustainability of pensions.Downloads
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