Pension funds and capital accumulation

Pascal Belan (), Ph. Michel and Bertrand Wigniolle

No 2001026, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

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.

Keywords: pensions funds; capital accumulation (search for similar items in EconPapers)
JEL-codes: D9 E2 G23 (search for similar items in EconPapers)
Date: 2001-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Pension funds and capital accumulation (2002)
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