Pension funds and capital accumulation

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Authors	:	Belan, Pascal Michel, Philippe Wigniolle, Bertrand
Document type	:	Document de travail (Working Paper)
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.
Access type	:	Accès libre
Publication date	:	2001
Collection	:	CORE Discussion Papers - 2001/26
Affiliation	:	UCL - CORE - Center for Operations Research and Econometrics
Keywords	:	Pensions funds ; Capital accumulation
Links	:	http://www.core.ucl.ac.be/services/psfiles/dp01/dp2001-26.pdf [Handle]http://hdl.handle.net/2078.1/4180

Bibliographic reference	Belan, Pascal ; Michel, Philippe ; Wigniolle, Bertrand. Pension funds and capital accumulation. CORE Discussion Papers ; 2001/26 (2001)
Permanent URL	http://hdl.handle.net/2078.1/4180