Pension funds and capital accumulation

descriptionPublicationkeyboard_double_arrow_right Research , Preprint , Article 01 Jan 2001 Belgium English Journal:Economics Bulletin, volume 4, pages 1-8

Authors: Bertrand Wigniolle; Philippe Michel; Pascal Belan;

handle: 2078.1/4180

Pension funds and capital accumulation

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Abstract

This note presents a model in which pension funds, by holding a signifiant 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.

Country

Belgium

Related Organizations

Université Catholique de Louvain
Belgium
University of Paris
France
Mediterranean University
Montenegro

Keywords

Pensions funds, Capital accumulation, capital accumulation, pensions funds, capital accumulation, jel: jel:G2, jel: jel:E2, jel: jel:G23, jel: jel:D9

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