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Contractual savings and public investment: are our retirement funds misallocated?

Andrew Donaldson

Research Notes from Bureau for Economic Research Impumelelo Growth Lab

Abstract: The paper charts the evolution of South Africa's pension fund industry spanning the past 40 years. It shows that the increase in assets under management has been accompanied by a relative decline in investment in public sector debt. The analysis raises important questions about sustainable financing of growth and development

Keywords: savings; investment (search for similar items in EconPapers)
JEL-codes: G23 G28 (search for similar items in EconPapers)
Date: 2026-04-16
New Economics Papers: this item is included in nep-age
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