Advanced Search
MyIDEAS: Login to save this article or follow this journal

Reform of 2010: are the Long-Term Problems of the Pension System Properly Addressed?

Contents:

Author Info

  • Gurvich, E.

    (Finance Academy, Moscow, Russia)

Registered author(s):

    Abstract

    The paper evaluates short-term implications of pension reforms made in 2010, and long-term scenarios of pension system development. We find that if size of pension transfer is fixed, prolonged fall of the replacement rate is expected, which makes situation politically unsustainable. Keeping flat replacement rate requires either increase of pension transfer size by 1 percentage point of GDP each 5 years, or raising rate of pension contributions per 1 percentage point annually. Using broad range of measures, including increase in retirement age is suggested. Raising retirement age to 62 years for men and 60 years for women is substantiated, basing on analysis of demographic indicators. Effect of this measure is estimated.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.econorus.org/repec/journl/2010-6-98-119r.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by New Economic Association in its journal Journal of the New Economic Association.

    Volume (Year): (2010)
    Issue (Month): 6 ()
    Pages: 98-119

    as in new window
    Handle: RePEc:nea:journl:y:2010:i:6:p:98-119

    Contact details of provider:
    Postal: Nakhimovsky prospekt, 32, Office 1115, 117218 Moscow Russia
    Phone: +7 495 7189855
    Fax: +7 495 7189855
    Email:
    Web page: http://www.econorus.org/english.phtml
    More information through EDIRC

    Related research

    Keywords: Russia's pension system; pension reform; retirement age;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:nea:journl:y:2010:i:6:p:98-119. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexey Tcharykov).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.