Labor's capital: putting pension wealth to work for workers

Pension fund assets are the largest single source of investment capital in the country. Of the roughly $15.5 trillion in stock equity in the U.S. economy, $3.1 trillion, or 20.1%, is directly held by employee pension plans. Pensions own $8.5 trillion in total assets. These vast sums were generated b...

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Bibliographic Details
Published inDollars & Sense no. 261; pp. 28 - 30
Main Author Scharf, Adria
Format Newsletter Magazine Article
LanguageEnglish
Published Somerville Economic Affairs Bureau 01.09.2005
Subjects
American federation of labor and Congress of industrial organizations
Company business management
Compensation and benefits
Economic aspects
Government employees
Industrial pensions
Investments
Management
Pension funds
Pension funds and funding
Retirement
Workers
United States
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Summary:Pension fund assets are the largest single source of investment capital in the country. Of the roughly $15.5 trillion in stock equity in the U.S. economy, $3.1 trillion, or 20.1%, is directly held by employee pension plans. Pensions own $8.5 trillion in total assets. These vast sums were generated by-- and belong to-- workers; they're really workers' deferred wages.
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ISSN:0012-5245