| Publication type: | Article in scientific journal |
| Type of review: | Peer review (publication) |
| Title: | Innovative investments, natural resources, and intergenerational fairness : are pension funds good for sustainable development? |
| Authors: | Bretschger, Lucas Pittel, Karen |
| Published in: | Swiss Journal of Economics and Statistics |
| Volume(Issue): | 141 |
| Issue: | 3 |
| Pages: | 355 |
| Pages to: | 376 |
| Issue Date: | 2005 |
| Publisher / Ed. Institution: | Peter Lang |
| ISSN: | 0303-9692 2235-6282 |
| Language: | English |
| Subjects: | Economic growth; Financial investment; Sustainable development; Pension fund |
| Subject (DDC): | 332.6: Investment |
| Abstract: | We analyse long-term consumption paths in a dynamic two-sector economy with overlapping generations. Each young generation saves for the retirement age, both with private savings and pension funds. The productivity of each sector can be raised by sector-specific research, while the essential use of a non-renewable natural resource poses a threat to consumption possibilities in the long run. Bonds, the two types innovations, and resource stocks are the different investment opportunities. We show that pension funds have a positive impact on long-term development, provided that individuals have a preference for own investments. In this case, sustainability is more likely to be achieved due to pension fund savings. |
| URI: | http://www.sjes.ch/published_d.php?PaperNr=2005-III-3&Year=2005 https://digitalcollection.zhaw.ch/handle/11475/9505 |
| Fulltext version: | Published version |
| License (according to publishing contract): | Licence according to publishing contract |
| Departement: | School of Management and Law |
| Organisational Unit: | Center for Economic Policy (FWP) |
| Appears in collections: | Publikationen School of Management and Law |
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