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Pension funds and Market Efficiency: A review

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  • Ashok Thomas
  • Luca Spataro

Abstract

The literature on the relationship between pension funds development and market efficiency has been flourishing in the past decades. In this paper we provide an updated review of the theoretical and empirical advances in this field of study, with particular focus on the effects that pension funds exert on labor markets, financial markets and economic growth.

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Paper provided by Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy in its series Discussion Papers with number 2013/164.

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Date of creation: 08 Jul 2013
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Handle: RePEc:pie:dsedps:2013/164

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Keywords: Pension funds; Job Mobility and Labor Force participation; Capital Markets;

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