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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.

Suggested Citation

  • Ashok Thomas & Luca Spataro, 2013. "Pension funds and Market Efficiency: A review," Discussion Papers 2013/164, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  • Handle: RePEc:pie:dsedps:2013/164
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    Cited by:

    1. Juan Gabriel Brida & María Nela Seijas, 2016. "The impact of funded pension schemes in domestic capital markets: evaluating global reforms," Economics Bulletin, AccessEcon, vol. 36(1), pages 493-514.

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    Keywords

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

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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