Pension funds and capital accumulation
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.
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- 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.
- 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.
- Holmstrom, Bengt & Tirole, Jean, 1993. "Market Liquidity and Performance Monitoring," Journal of Political Economy, University of Chicago Press, vol. 101(4), pages 678-709, August.
- William G. Gale, 1994.
"Public policies and private pension contributions,"
Federal Reserve Bank of Cleveland, pages 710-734.
- Shleifer, Andrei & Vishny, Robert W., 1986.
"Large Shareholders and Corporate Control,"
3606237, Harvard University Department of Economics.
- Martin Feldstein & Andrew Samwick, 1998.
"The Transition Path in Privatizing Social Security,"
in: Privatizing Social Security, pages 215-264
National Bureau of Economic Research, Inc.
- Martin Feldstein & Andrew Samwick, 1996. "The Transition Path in Privatizing Social Security," NBER Working Papers 5761, National Bureau of Economic Research, Inc.
- Alicia H. Munnell & Frederick O. Yohn, 1991. "What is the impact of pensions on saving?," Working Papers 91-5, Federal Reserve Bank of Boston.
- BELAN, Pascal & PESTIEAU, Pierre, 1997.
"Privatizing social security: a critical assessment,"
CORE Discussion Papers
1997084, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Pascal Belan & Pierre Pestieau, 1999. "Privatizing Social Security: A Critical Assessment," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan, vol. 24(1), pages 114-130, January.
- Martin Feldstein, 1998. "Privatizing Social Security," NBER Books, National Bureau of Economic Research, Inc, number feld98-1, December.
- Martin Feldstein, 1998. "Introduction to "Privatizing Social Security"," NBER Chapters, in: Privatizing Social Security, pages 1-29 National Bureau of Economic Research, Inc.
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