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Pension reform in a rapidly ageing country: the case of Ukraine

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  • Katerina Lisenkova

    ()
    (Department of Economics, University of Strathclyde)

Abstract

Ukraine has a rapidly ageing and declining population. A dynamic forward-looking Computable General Equilibrium(CGE)model with an explicitly modelled Pay-As-You-­Go pension scheme is constructed to perform simulations of different pension reform scenarios and investigate the impact of population ageing on a wide range of macroeconomic variables. It is shown that, changes in age structure will result in a significant negative impact on the economy and stability of the pension system. Analysis of the potential changes to the pension system is limited to modelling an increase of the pension age, keeping either the workers' contribution rate or replacement rate constant.

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File URL: http://www.strath.ac.uk/media/departments/economics/researchdiscussionpapers/2011/11-26_Final.pdf
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Bibliographic Info

Paper provided by University of Strathclyde Business School, Department of Economics in its series Working Papers with number 1126.

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Length: 36 pages
Date of creation: May 2011
Date of revision:
Handle: RePEc:str:wpaper:1126

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Keywords: Ukraine; CGE Modelling; Pension Reform; Ageing;

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Cited by:
  1. Jaromir Cekota & Claudia Trentini, 2012. "Demographic pressures and the sustainability of social security in Emerging Europe and Central Asia," ECE Discussion Papers Series 2012_2, UNECE.

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