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Пенсионная Реформа И Межпоколенческий Альтруизм В Моделях Экономической Динамики
[Pension reform and intergenerational altruism in economic dynamics models]

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  • Surkov, Alexander

Abstract

A complexity of a pension reform realization in a country with high level of intergenerational altruism is considered as a reason of a failure of the pension reform in Russia. Differences between intergenerational altruism levels in Russia and more modernized western countries are discussed. Overlapping generations models with two-way intergenerational altruism and pension system are analyzed. Successful transition from pay-as-you go pension system to fully funded one is shown to be possible in a modernized society with low level of intergenerational altruism and stable economy. But, even in that case the issue of the transition costs, their volume and distribution remains essential.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 27632.

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Date of creation: 2009
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Handle: RePEc:pra:mprapa:27632

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Related research

Keywords: pension system; pension reform; fully funded pension system; pay-as-you-go pension system; intergenerational transfers; intergenerational altruism; overlapping generations;

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  1. Michel, Philippe & Thibault, Emmanuel & Vidal, Jean-Pierre, 2004. "Intergenerational altruism and neoclassical growth models," Working Paper Series 0386, European Central Bank.
  2. Modigliani,Franco & Muralidhar,Arun, 2005. "Rethinking Pension Reform," Cambridge Books, Cambridge University Press, number 9780521676533.
  3. Luc Arrondel & André Masson, 2002. "Altruism, Exchange or Indirect Reciprocity: What do the Data on Family Transfers Show?," DELTA Working Papers 2002-18, DELTA (Ecole normale supérieure).
  4. Barro, Robert J., 1974. "Are Government Bonds Net Wealth?," Scholarly Articles 3451399, Harvard University Department of Economics.
  5. Laurence J. Kotlikoff & John N. Morris, 1989. "How Much Care Do the Aged Receive from Their Children? A Bimodal Picture of Contact and Assistance," NBER Chapters, in: The Economics of Aging, pages 151-176 National Bureau of Economic Research, Inc.
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