| 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 |
| Page(s): | 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 Labor, Digital and Regional Economics (CLDR) |
| Appears in collections: | Publikationen School of Management and Law |
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Bretschger, L., & Pittel, K. (2005). Innovative investments, natural resources, and intergenerational fairness : are pension funds good for sustainable development? Swiss Journal of Economics and Statistics, 141(3), 355–376. http://www.sjes.ch/published_d.php?PaperNr=2005-III-3&Year=2005
Bretschger, L. and Pittel, K. (2005) ‘Innovative investments, natural resources, and intergenerational fairness : are pension funds good for sustainable development?’, Swiss Journal of Economics and Statistics, 141(3), pp. 355–376. Available at: http://www.sjes.ch/published_d.php?PaperNr=2005-III-3&Year=2005.
L. Bretschger and K. Pittel, “Innovative investments, natural resources, and intergenerational fairness : are pension funds good for sustainable development?,” Swiss Journal of Economics and Statistics, vol. 141, no. 3, pp. 355–376, 2005, [Online]. Available: http://www.sjes.ch/published_d.php?PaperNr=2005-III-3&Year=2005
BRETSCHGER, Lucas und Karen PITTEL, 2005. Innovative investments, natural resources, and intergenerational fairness : are pension funds good for sustainable development? Swiss Journal of Economics and Statistics [online]. 2005. Bd. 141, Nr. 3, S. 355–376. Verfügbar unter: http://www.sjes.ch/published_d.php?PaperNr=2005-III-3&Year=2005
Bretschger, Lucas, and Karen Pittel. 2005. “Innovative Investments, Natural Resources, and Intergenerational Fairness : Are Pension Funds Good for Sustainable Development?” Swiss Journal of Economics and Statistics 141 (3): 355–76. http://www.sjes.ch/published_d.php?PaperNr=2005-III-3&Year=2005.
Bretschger, Lucas, and Karen Pittel. “Innovative Investments, Natural Resources, and Intergenerational Fairness : Are Pension Funds Good for Sustainable Development?” Swiss Journal of Economics and Statistics, vol. 141, no. 3, 2005, pp. 355–76, http://www.sjes.ch/published_d.php?PaperNr=2005-III-3&Year=2005.
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