Pension funds and capital accumulation

Bertrand Wigniolle, Philippe Michel and Pascal Belan ()

Economics Bulletin, 2002, vol. 4, issue 1, 1-8

Abstract: 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.

Keywords: capital; accumulation (search for similar items in EconPapers)
JEL-codes: D9 G2 (search for similar items in EconPapers)
Date: 2002-01-17
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Citations: View citations in EconPapers (14)

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