Пенсионная Реформа И Межпоколенческий Альтруизм В Моделях Экономической Динамики
[Pension reform and intergenerational altruism in economic dynamics models]
AbstractA 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 InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 27632.
Date of creation: 2009
Date of revision:
pension system; pension reform; fully funded pension system; pay-as-you-go pension system; intergenerational transfers; intergenerational altruism; overlapping generations;
Find related papers by JEL classification:
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
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