Pension funds and capital accumulation
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.
Volume (Year): 4 (2002)
Issue (Month): 1 ()
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- Alicia H. Munnell & Frederick O. Yohn, 1991. "What is the impact of pensions on saving?," Working Papers 91-5, Federal Reserve Bank of Boston.
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"Privatizing social security: a critical assessment,"
CORE Discussion Papers
1997084, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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- Martin Feldstein & Andrew Samwick, 1996.
"The Transition Path in Privatizing Social Security,"
NBER Working Papers
5761, National Bureau of Economic Research, Inc.
- Martin Feldstein & Andrew Samwick, 1998. "The Transition Path in Privatizing Social Security," NBER Chapters, in: Privatizing Social Security, pages 215-264 National Bureau of Economic Research, Inc.
- Jeannine Bailliu & Helmut Reisen, 1998.
"Do funded pensions contribute to higher aggregate savings? A cross-country analysis,"
Review of World Economics (Weltwirtschaftliches Archiv),
Springer, vol. 134(4), pages 692-711, December.
- Jeanine Bailliu & Helmut Reisen, 1997. "Do Funded Pensions Contribute to Higher Aggregate Savings?: A Cross-Country Analysis," OECD Development Centre Working Papers 130, OECD Publishing.
- Gale, William G, 1994.
"Public Policies and Private Pension Contributions,"
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Blackwell Publishing, vol. 26(3), pages 710-32, August.
- Shleifer, Andrei & Vishny, Robert W, 1986.
"Large Shareholders and Corporate Control,"
Journal of Political Economy,
University of Chicago Press, vol. 94(3), pages 461-88, June.
- Martin Feldstein, 1998. "Introduction to "Privatizing Social Security"," NBER Chapters, in: Privatizing Social Security, pages 1-29 National Bureau of Economic Research, Inc.
- repec:nbr:nberbk:feld98-1 is not listed on IDEAS
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