THE EFFECTS OF PENSION FUNDS ON MARKETS PERFORMANCE: A REVIEW
这篇综述梳理了养老基金对劳动力市场、金融市场和经济增长影响的实证研究进展，帮助读者快速了解该领域的最新发现。
Abstract The worldwide reforming process of pension systems triggered by the demographic transition and globalization has led several countries to implement multi‐pillar pension systems and enhance pension funds. For this reason the studies on the effects that pension funds exert on markets performance have been flourishing in the last decades. In this paper, we provide an updated review of the empirical advances in this field of study, with particular focus on the effects that pension funds produce on labour markets, financial markets and economic growth.