Pension Funds and Capital Accumulation.

This note presents a model in which pension funds, by holding a significant share of capital assets, can exert a non competitive behavior on labor market. This leads to lower wages and higher capital returns, and can reduce capital accumulation and long-run welfare.

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Year of publication:	2001
Authors:	Belan, P. ; Michel, P. ; Wigniolle, B.
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	CAPITAL \| PENSIONS \| LABOUR MARKET

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Series:	Papers.
Type of publication:	Book / Working Paper
Notes:	8 pages
Classification:	G23 - Pension Funds; Other Private Financial Institutions ; E2 - Consumption, Saving, Production, Employment, and Investment ; D9 - Intertemporal Choice and Growth
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005779423